Business Insider·3 min read·medium

NBCUniversal is cutting a few hundred global streaming tech employees

NBCUniversal is cutting a few hundred global streaming tech employees
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NBCUniversal is laying off several hundred employees within its global streaming technology division, primarily impacting the UK-based Sky unit. This move comes as the company prepares to spin off its media assets from Comcast's core cable business.

Why it matters

The layoffs reflect the broader trend of traditional media companies cutting costs to remain competitive against streaming giants like Netflix.

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NBCUniversal is letting go of streaming employees under Comcast co-CEO Brian Roberts. Marcin Golba/NurPhoto via Getty Images; Comcast NBCUniversal is laying off a few hundred streaming tech employees in Europe and the US. Most of the cuts are at UK-based Sky, a person familiar with the move said. NBCU let go of a few dozen streaming staffers in March. Comcast's NBCUniversal is cutting a few hundred streaming tech staffers, Business Insider has learned. The layoffs will impact NBCU's global streaming technology group, which includes the engineering and quality assurance teams, three people familiar with the changes said. Most of the cuts are at Sky, Comcast's European media arm, though a person briefed on the change said that some US-based workers at NBCU will be affected. Comcast is preparing to spin off NBCU , with its streamers and studio, from its cable and internet businesses next summer.

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