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NBCUniversal Begins Layoffs As Streaming-Driven Reshaping Takes Effect

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deadline.com
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Dade Hayes Finance EditorNBCUniversal is beginning layoffs as it carries out a planned restructuring designed to emphasize its streaming operations.CEO Jeff Shell confirmed the overhaul was coming last week during Comcast’s second-quarter earnings call, but he didn’t mention any specifics or timeline.

A person close to the company confirmed to Deadline that the cuts were under way.Reports have swirled in about the reshaping of NBCU in recent weeks, with another variable being an internal probe of NBC Entertainment chairman Paul Telegdy’s alleged conduct.The Wall Street Journal on Tuesday said the cutbacks would likely be held to less than 10% of the company’s 35,000 employees.

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