Comcast (NASDAQ:CMCSA) is considering staff reductions at its biggest unit, Connectivity & Platforms, which runs its Xfinity internet, mobile, and pay TV operations. Reuters reported, citing a source familiar with the matter. The layoffs will be part of a restructuring ...

Core Insights - Comcast is planning to cut jobs at its largest unit, which includes its Xfinity internet, mobile, and pay television services, as part of a broader strategy to streamline operations and reduce costs [1] Group 1 - The job cuts are aimed at improving efficiency within the company’s biggest business segment [1] - This move reflects ongoing challenges in the telecommunications industry, including increased competition and changing consumer preferences [1] - The decision to reduce workforce comes amid a broader trend of cost-cutting measures being implemented by major companies in the sector [1]