Comcast's NBCUniversal unit lays off 500 employees: source
LOS ANGELES (Reuters) - Comcast Corp's NBCUniversal entertainment unit is laying off about 500 employees at cable channels, Jay Leno's late-night TV show and the Universal Pictures movie studio, a person with knowledge of the matter said on Monday.
The cuts add up to about 1.5 percent of the company's workforce of 30,000 employees, the source said.
A large portion of the layoffs occurred at the G4 cable channel, a network about video games and the gaming culture, the source said. Two of the network's shows were recently canceled.
Other layoffs occurred about two months ago at "The Tonight Show with Jay Leno," which cut about two dozen crew members.
The company's movie studio, Universal Pictures, also eliminated about 20 jobs, including some at the home entertainment division. Home entertainment sales have suffered across the industry as traditional DVDs fall from favor with consumers.
Other job cuts are expected at NBC News group and the company's cable channels, which include USA, Bravo and E!, the source said.
Comcast bought a 51 percent controlling stake in NBC Universal in January 2011.
(Reporting By Ronald Grover; Writing by Lisa Richwine; Editing by Peter Lauria and Paul Tait)
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters want power now |
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Singapore hit by rare outbreak of rioting, 27 arrested |
- Venezuela's Maduro to raise pressure on business after local vote
Nelson Mandela: 1918 - 2013
Reuters looks at the life and times of Nelson Mandela, an icon of peace and reconciliation who came to embody the struggle for justice around the world. Video