EXCLUSIVE: The bulk of the projected layoffs stemming from NBCUniversal’s latest restructuring are beginning subsequent month, sources inform Deadline.
November 12 is penciled in because the goal date as firm brass are eying mid-next month for the second wave of workers reductions to start, we hear. The cuts will seemingly are available in two waves, one in mid-November and one in late December, with as many as 150-300 staff affected.
NBCUniversal’s not too long ago shaped Television and Streaming division, led by Chairman Mark Lazarus, is predicted to take the brunt of the layoffs. The unit was created in a reorganization designed to emphasise NBCU’s deal with streaming. It consolidated all NBCU English-language linear networks into one group, overseen by Frances Berwick on the enterprise facet and Susan Rovner on the programming facet. (Rovner additionally oversees programming for streamer Peacock.)
We hear the November layoffs can be concentrated within the enterprise operations overseen by Berwick, who took over the job in early August,
Since Rovner solely began at NBCU earlier this month and desires time to evaluate the present workers and arrange her management staff, the layoff selections in her divisions will seemingly are available in late December or maybe in early 2021.
Contacted by Deadline, NBCU declined to touch upon the upcoming redundancies
NBCUniversal CEO Jeff Shell confirmed that the restructuring will end in layoffs throughout mum or dad firm Comcast’s second-quarter earnings name in August, however he did not point out any specifics or timeline.
As Deadline reported on the time, Telemundo, regional sports activities networks operated by NBCU, and the theme-park unit had been affected in that first wave of layoffs that additionally mirrored COVID-19’s impression on NBCU theme parks, reside sports activities broadcasts and different operations. Also paired down in August was a portfolio of “Talk”-branded web sites operated by NBC Sports like Hardball Talk and College Football Talk of Pro Football Talk.
Peacock, NBCU’s entrant into the streaming derby, launched in April in Comcast’s cable and broadband footprint after which nationally in July. On the August earnings name, Shell mentioned it had carried out higher than anticipated, drawing 10 million sign-ups since launch. The streaming platform and its efficiency is predicted to be a foremost focus of NBCU’s earnings name tomorrow morning.