Comcast announced a major operational restructuring that will result in a pre-tax charge of more than $1 billion in the fourth quarter of 2026. The company called it the most significant operating and cost transformation in its history. It expects substantial layoffs, primarily in its cable, broadband and wireless divisions.
The announcement followed the release of third-quarter results, which showed a net loss of 144,000 domestic residential broadband customers. Comcast lost 91,000 customers in the same quarter last year. Analysts had expected a loss of around 117,000 customers.
The results highlight continued competitive pressure from fiber and fixed-wireless rivals. Comcast said the restructuring aims to create a more agile and efficient organization ahead of the planned spinoff of its NBCUniversal media assets by mid-2027.