NBCUniversal Lays Off Hundreds in Streaming Technology Group

NBCUniversal is laying off several hundred employees within its global streaming technology organization, specifically targeting engineering and quality assurance teams. The cuts primarily affect Sky, the European media arm of Comcast, though some U.S.-based workers are also impacted. Employees were notified of the reductions on Wednesday, with those in the United Kingdom entering a mandatory legal consultation process.

The downsizing comes as Comcast prepares to spin off NBCUniversal, including its studio and streaming services, from its cable and internet businesses by next summer. This restructuring follows the first achievement of profitability for Peacock on an adjusted EBITDA basis.

Company leadership stated that the changes to the Global Streaming Technology organization will ensure the company has the right structure and resources for future growth. These layoffs align with a broader industry trend of cost-cutting among traditional media companies facing pressure from Wall Street and competition from technology rivals such as Netflix and YouTube.