NBCUniversal is cutting a few hundred global streaming tech employees - Business Insider
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NBCUniversal is letting go of streaming employees under Comcast co-CEO Brian Roberts.
Comcast's NBCUniversal is cutting a few hundred streaming tech staffers, Business Insider has learned. The layoffs will impact NBCU's global streaming technology group, which includes the engineering and quality assurance teams, three people familiar with the changes said. Most of the cuts are at Sky, Comcast's European media arm, though a person briefed on the change said that some US-based workers at NBCU will be affected. Comcast is preparing to spin off NBCU, with its streamers and studio, from its cable and internet businesses next summer. Traditional media companies are cutting costs as they face pressure to please Wall Street, while competing with deep-pocketed, tech-forward rivals like Netflix and YouTube. NBCU's streaming cuts come months after its US streamer, Peacock, became profitable on an adjusted EBITDA basis for the first time. "As NBCUniversal and Sky continue to invest in our streaming products and technology, we are proposing changes to our Global Streaming Technology organization, which will impact some roles," an NBCU spokesperson said in a statement.
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