Layoffs Continue at NBCU, ViacomCBS

By
( )
last updated

Companies streamline and seek cost reductions

NBCU
(Image credit: NBCUniversal)

Layoffs continued at Comcast’s NBCUniversal and ViacomCBS, with a new group of people losing their jobs at the companies on Wednesday.

For NBCU, the staff cuts were the result of a restructuring announced earlier this year that combined all of the company’s TV and streaming assets. 

Related: WarnerMedia Begins Laying Off U.S. Staffers

The latest group were in the company’s entertainment networks group, where about 5% of the division were let go. 

Related: ESPN To Lay off 500

Still to come are job reductions within the entertainment content units headed by recently named Susan Rovner, who this week restructured her leadership team.

At ViacomCBS, about 100 people were dismissed as the company continues to manage last year’s merger of Viacom and CBS. The reductions came from all parts of the company.

ViacomCBS has promised Wall Street that it will manage to extract $800 million in annual cost synergies as a result of the combination.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.