Founder, Goodall Research. Capital, the people behind it & the companies it moves. I watch which corporate narratives are about to break. New: Layoff Desk ↓
$CMCSA Comcast LAYOFFS 1,000+ cable and broadband jobs. We knew this was coming for weeks.
But Comcast now admits some cuts fell below the threshold for filing layoff notices. So the real number is bigger… they just won't say how much bigger.
On Oct 29 my Comcast source told me they were keeping people on to year-end to avoid WARN.
On Oct 23 I said I expected 5,000 to 10,000 job cuts.
A $1 billion charge for just 1,000 jobs? Rather expensive math.
Keep watching for more to be announced