Comcast Expects $1 Billion Restructuring Charge, Plans Cuts

Comcast expects to take a restructuring charge of more than $1 billion in the fourth quarter and is preparing significant job cuts as it readies a planned separation of NBCUniversal and Sky. The company has not disclosed how many positions could be affected or finalized the scope of the cuts. Chief Financial Officer Jason Armstrong gave the charge estimate during Comcast’s third-quarter 2026 earnings call, saying it would relate mostly to transformation efforts. The figure is an executive forecast, not a finalized charge. Armstrong said the company was preparing for cost actions intended to help it move into 2027 and strengthen its competitive position. Two people familiar with the plans told Variety that teams are still assessing the impact of the potential layoffs. The cuts are expected to affect Comcast Cable rather than NBCUniversal divisions, according to the report. The company has not announced a headcount or a complete list of affected teams. Comcast had about 179,000 employees as of December 31, 2025, a companywide figure that includes full- and part-time workers. The expected restructuring comes as Comcast faces losses of broadband and cable television customers and...