COMCAST CORP

Comcast Corp.

Telecom Services Communication Services Philadelphia, PA, United States CMCSA (NMS)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising. The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, wireline voice, and wireless services; and ethernet network services for medium-sized customers and larger enterprises. The Media segment operates NBCUniversal's national and regional cable networks; the NBC and Telemundo broadcast networks and owned local broadcast television stations; and Peacock, a direct-to-consumer streaming services. It also operates international television networks comprising the Sky Sports networks, as well as other digital properties. The Studios segment operates NBCUniversal and Sky film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The company also offers a consolidated streaming platforms under the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania; and Xumo. Comcast Corporation was founded in 1963 and is based in Philadelphia, Pennsylvania.

Stock Performance (90 Days)

Data through Nov 14, 2025
Price updates on page refresh. Intraday quotes available during market hours (9:30 AM - 4:00 PM EST).

Layoff History

540 (15 sources) employees (0.3%)
Sep 1, 2025
15 sources
Reason
Comcast is implementing a significant organizational restructuring within its Connectivity & Platforms division, its largest unit encompassing Xfinity internet, mobile, and pay TV services. This initiative, announced in September 2025 with layoffs expected to commence in January 2026, aims to enhance efficiency, improve competitiveness, and address prolonged broadband subscriber losses. The restructuring involves phasing out a three-tier division-based management structure in favor of a more centralized model, thereby removing an entire management layer between corporate headquarters and regional offices. Regional teams will now report directly to a newly created executive position overseeing nationwide operations, a role to be filled by Amy Lynch as president of regional operations. This strategic shift is designed to streamline reporting relationships, standardize pricing nationally, and simplify operations to better align with the company's future strategy, including efforts to boost broadband growth and Xfinity Mobile gains. The move is also a direct response to recent financial pressures, as Comcast reported a loss of 226,000 internet customers in Q2 2025, the highest on record, alongside 325,000 video subscriber losses. The company has been attempting to rebound by focusing on wireless services, integrated offerings, and introducing five-year price locks for new broadband customers. The restructuring aims to create a simpler, leaner, and more agile business to compete more effectively against rivals offering fiber and fixed wireless access, and to position the company for future growth. Customer-facing frontline teams, such as those in customer service and retail, are explicitly stated to be unaffected by these changes.
Affected Departments
Connectivity & Platforms divisionConnectivity & Platforms division (Comcast's largest unithousing Xfinity internetmobileand pay TV services)West Division (closedbased in CentennialCO)Finance (including financial analystsfinance managersvice presidents)Communications and Government AffairsEngineering OperationsConstructionMarketingConnectivity & Platforms division (management layer)Xfinity internet services (management layer)Xfinity mobile services (management layer)Pay TV services (management layer)Sky brand operations (management layer)
Affected Locations
GeorgiaColoradoGeorgia (specifically related to a division headquartered in Atlanta)Colorado (specifically Centennial9401 E. Panorama Circle)CentennialColorado (9401 E. Panorama Circle)AtlantaGeorgia (related to a division headquartered there)Corporate HeadquartersRegional Offices
Source: WARN notices (reported by Fierce Network)

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