Market Chatter: Comcast Plans Major Job Reductions as Part of Reorganization

05:02 AM EDT, 10/22/2026 (MT Newswires) -- Comcast (CMCSA) intends to cut jobs substantially in a bid to restructure its cable TV, broadband and wireless businesses, Bloomberg News reported Wednesday, citing people familiar with the matter. The move would help the company to be in a stronger position to operate as an independent entity following the spin off its NBCUniversal businesses next year, the unnamed sources told the news outlet. Comcast could begin announcing the planned job reductions in a matter of weeks, according to the report. The company didn't immediately respond to MT Newswires' request from comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)