Comcast to cut cable jobs, take $1-billion-plus charge as broadband losses deepen

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  "detected_at": "2026-10-22T21:47:30+00:00",
  "company": {
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  "data": {
    "url": "https://www.latimes.com/entertainment-arts/business/story/2026-10-22/comcast-job-cuts-broadband-losses-charge",
    "title": "Comcast to cut cable jobs, take $1-billion-plus charge as broadband losses deepen - Los Angeles Times",
    "excerpt": "This is read by an automated voice. Please report any issues or inconsistencies here . See more from the L.A. Times in Google Search. Set us as preferred Comcast Corp. plans to cut jobs in its cable, broadband and wireless business and expects to take a charge of more than $1 billion in the fourth quarter. The Philadelphia-based company is trying to stem customer losses and streamline before it spins off NBCUniversal next year. The company lost 144,000 domestic residential broadband customers in the third quarter, up from 91,000 a year earlier, it said Thursday. Revenue in its connectivity and platforms business fell 2.7% to nearly $19.7 billion. Chief Financial Officer Jason Armstrong told investors on the company’s earnings call that the charge was related mostly to “transformation efforts.” “We don’t look at it as a cost cutting exercise,” Armstrong said during the company’s fiscal third-quarter earnings call. “This is the ability to simplify in order to move faster, to be more nimble in decision making and, I think, really create capacity to invest for growth.” Layoffs will be spread throughout Comcast‘s connectivity and platforms unit, which is the company that will remain after the separation. Employees at NBCUniversal are not expected to be targeted in this round, according to two people familiar with the matter who were not authorized to comment. Comcast had about...",
    "summary": "Comcast plans to cut jobs across its cable, broadband, and wireless business as part of a restructuring ahead of spinning off NBCUniversal.",
    "location": "Philadelphia, Pennsylvania, United States",
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