Comcast Layoffs 2024: What to Know About the Latest CMCSA Job Cuts
CMCSAComcast(CMCSA) InvestorPlace·2024-01-31 03:51

Comcast (NASDAQ:CMCSA) is the latest telecommunications company to be affected by layoffs, according to the Financial Times. The publication has reported that Comcast’s Sky will enact layoffs equivalent to about 4% of its workforce, or roughly 1,000 jobs. Comcast became the majority owner of Sky in 2018 after acquiring the stake from 21st Century Fox for $40 billion. That price tag represented a 15x EBITDA multiple of Sky. As of 2018, Comcast held more than 75% of Sky’s issued outstanding shares. However, C ...