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Comcast Flags $1 Billion Q4 Charge For Layoffs, Restructuring Amid Overhaul Of Core Connectivity Business

Comcast Flags $1 Billion Q4 Charge For Layoffs, Restructuring Amid Overhaul Of Core Connectivity Business

News Briefvia Deadline

As it continues to feel the squeeze on its broadband and pay-TV operations, Comcast executives said Thursday that the company will take a $1 billion charge for the current fourth quarter that will include layoffs as part of an ongoing revamp of its core connectivity business of broadband, pay-TV and wireless.

Source Deadline

This is a summary of a story originally reported by Deadline.

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