Comcast Layoffs Raise US Job Market Concerns

Comcast Plans US Layoffs and New Hiring!

Comcast Corp is reportedly planning to cut over a 1000 jobs across the US. These layoffs will affect its platforms and connectivity divisions.

This move comes after Comcast’s plans to separate declining units from faster growing media and entertainment divisions.

The most jobs will be cut in Pennsylvania, with 634 planned cuts. New Jersey, Washington, and California will also see layoffs.

Comcast have stated that staff reductions will go beyond these publicly reported numbers. However, the company declined to publicly disclose the number of job reductions.

However, in a letter to the mayor of Philadelphia, Comcast revealed plans to post more than a 1000 new positions across the US.

This includes 500 new positions at the Comcast headquarters in Philadelphia. Showing that the company is both laying off and hiring at the same time.

For NRIs, this could present a significant shakeup in the US job market. With many new positions planned, the lack of employment may be somewhat eased by Comcast’s restructuring.

This will be a relief to many H-1B workers who were laid off earlier this year. They may be able to find new work before their 60-day grace period ends.