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Comcast Announces Job Cuts Amid Customer Losses, Stock Dips Fractionally
Comcast Announces Job Cuts Amid Customer Losses, Stock Dips Fractionally
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BTCCSquare news:
Comcast shares edged lower Monday afternoon despite news of impending layoffs in its Connectivity and Platforms segment. While investors typically reward cost-cutting measures, the market reaction remained muted as the communications giant prepares to eliminate corporate layers starting January 2025.
The restructuring notably spares customer-facing roles, signaling strategic focus on retail and service positions. This comes after Comcast reported losing 226,000 internet subscribers in Q2 2025, prompting retention efforts. The company employed approximately 182,000 workers at year-end 2024.
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