NBCUniversal cuts several hundred streaming jobs, mostly at Europe’s Sky
NBCUniversal is proposing several hundred cuts in its global streaming technology team, with most expected at Sky and some in the US, according to reports citing Reuters and Business Insider. The move comes as Comcast prepares to spin off NBCUniversal and Sky from its cable and internet businesses next summer, while Sky is also due to acquire ITV.
Bottom line — Sky’s UK consultations will determine the final headcount as Comcast prepares its media spin-off.
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Engineering and quality-assurance teams are among those affected, according to Business Insider.
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UK rules require consultation before dismissals take effect; Reuters reported the final number may depend on those talks.
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NBCUniversal said it is proposing changes while continuing to invest in streaming products and technology.
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Peacock reported its first period of adjusted EBITDA profitability only months before the cuts, according to Cord Cutters News.
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TVBEurope reported that Sky agreed to acquire ITV’s linear and streaming channels for £1.6 billion (€1.9 billion), with completion expected by the end of 2026.
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An NBCUniversal employee told Business Insider they were unsure how reduced engineering capacity would affect 2027 plans to separate systems from Comcast and bring ITV onto the platform.