Comcast will record a $1 billion charge in the fourth quarter tied to layoffs and a restructuring of its broadband, pay-TV and wireless operations, as the company confronts pressure on its core connectivity business.
Comcast will record a $1 billion charge in the fourth quarter tied to layoffs and a restructuring of its broadband, pay-TV and wireless operations, as the company confronts pressure on its core connectivity business.
Another billion-dollar charge and the layoffs land on the people who keep the cable running, while the execs get a golden parachute and a fresh buzzword. Same old story, just with a bigger number.