Comcast is planning to cut work at its largest unit, house broadband and pay TV, to centralize the operations, Source says Source

By Abhinav Parmar and Harshita Mary Varghese September 19 (Reuters) – Comcast intends to cut jobs at its largest unit that houses its Xfinity Internet, Mobile and Pay Television Business, a source familiar with the case on Friday, while the company tries to centralize operations and strengthen its broadband business. From January, Comcast will remove a layer between corporate and regional offices, a stir that will reduce the unit management, but also reduce the suitcase. The Unit Connectivity and Platforms, which also operates the Sky brand across Europe, currently has a management structure of three levels where the regional teams report to the heads of department, which then serves as the link to corporate headquarters. After the changes, regional leaders will report directly to a new executive who oversees operations nationwide, according to a memo sent to employees seen by Reuters. The source said there would be job cuts, but Comcast is still working to identify which roles will be centralized to the headquarters. Over the years, Comcast has made several changes to the unit, which has centralized the operations, including marketing, legal and finance at corporate level. The company also moved from regional to national prices, ending varying internet rates in cities and states, and standardizing the offer for clients across the country. The company offered new price plans in mid -April, along with five -year price locks for new broadband clients to stop in its XFinity Internet Service. The latest news of possible cuts comes into work because the business works to reverse its broadband business, which has suffered subscriber losses from wireless competitors such as AT&T, T-Mobile and Verizon. In the memo to employees, the company said that the leading teams that support clients – such as those in customer service and retail – are not affected. This did not disclose how many positions would be affected. “This change is not a reflection of someone’s contributions – it’s about simplifying how we work so we can compete more effectively,” according to the memo. (Reporting by Harshita Mary Varghese and Abhinav Parmar in Bengaluru; Editing by Shinjini Ganguli)