Comcast's NBCUniversal cuts streaming technology jobs

Comcast's NBCUniversal has announced it is reducing its workforce in the global streaming technology department, the company behind popular franchises such as Fast & Furious and Jurassic Park. The exact number of employees impacted will be determined by the outcome of discussions with staff, according to a source familiar with the situation.

Most of the cuts are expected to affect Sky, NBCUniversal's European media arm, but some employees from the US-based NBCUniversal division will also be affected. The company stated it is restructuring its Global Streaming Technology organization to ensure it has the appropriate structure and resources for future growth. This move reflects the industry-wide trend of media companies striving to increase profitability in their streaming operations after years of significant investment in technology and content creation.