JANUARY 12, 2023 — 75 TARGETED BY NEW MANAGEMENT
The company has announced that it will be laying off about 75 employees across its NBC News and MSNBC properties. Both properties are being restructured to counter declining viewership as consumers cord-cut and transition to streaming services.
AUGUST 26, 2022 — NBC IS CONSIDERING REDUCING PRIME-TIME TV BY 1-HOUR TO SAVE MONEY
NBC is discussing returning the 10 p.m. prime-tv hour to local stations as a cost-cutting move as interest in broadcast TV viewership declines in favor of streaming options commencing with the fall 2023 season.
A company spokesperson noted, “We are always looking at strategies to ensure that our broadcast business remains as strong as possible. As a company, our advantage lies in our ability to provide audiences with the content they love across broadcast, cable, and streaming.”
NBC parent Comcast is giving priority to building its Peacock streaming service as traditional tv ad revenues decline.
OCTOBER 30, 2020 — LAYOFFS IMMINENT
The company has announced that it will continue its restructuring plans with two phased layoffs that will see up to 300 employees. Phase one is scheduled for the business operations unit in mid-November 2020 and phase two to follow in late December 2020 or early 2021.
MAY 11, 2020 — Original post…
Los Angeles, California-based NBCUniversal, an entertainment division of Comcast appears ready to restructure some of its operations with a goal of cutting costs and reducing headcounts.
According to NBCUniversal CEO Jeff Shell ...
On costs the question about whether we’re right-sized on costs given where the environment is headed, the answer is probably no, and we’re addressing that pretty aggressively. We’re trying to be thoughtful within our business though, and there’s obviously a couple of different kinds of businesses.
One business is there are businesses like the theme park business where the revenue has just shut off and we have to address our costs, but we’re going to come back at some point. There, we have cut a significant amount of our costs and can flex even further down if this goes longer and deeper than we see right now.
And then elsewhere in our business where we’re seeing both short-term and structural declines, I think what we’re trying to do is address our cost base in a way that comes out of this in a different way, that we look like a different company and we can shift our business as we adjust our cost base.
But we’re spending a lot of time on our cost base. And certainly, over the next weeks and months, we’ll make pretty significant adjustments there across our business.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
