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Comcast plans layoffs, reorg at broadband and pay-TV business unit
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PHILADELPHIA, Pennsylvania: Comcast is planning job cuts at its largest division, which runs its Xfinity broadband, mobile and pay-TV business, as part of a restructuring aimed at streamlining operations and boosting competitiveness, a source familiar with the matter said.
Beginning in January, the company will eliminate a layer of management between corporate and regional offices, according to a memo sent to employees.
The source said layoffs will follow, though Comcast is still deciding which roles will be consolidated at headquarters.
Comcast also introduced national pricing to replace city-by-city rates and, in April, launched new broadband packages with five-year price locks to retain customers.
The shake-up comes as Comcast grapples with subscriber losses in its core internet business and faces mounting competition from wireless carriers, including AT&T, T-Mobile, and Verizon.
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