NBCUniversal has started to lay off employees as it seeks to stem the financial toll of the coronavirus while positioning itself for a broader transition toward streaming entertainment, a person familiar with the company's plans said Tuesday.
An NBCUniversal spokeswoman confirmed the layoffs and said they were the result of a strategic restructuring as well as the impacts of the pandemic.
At the same time, NBCUniversal is in the middle of a reorganization following the appointment of Chief Executive Jeff Shell. That reorganization will focus heavily on supporting the company’s streaming operations, including its new platform Peacock, which formally launched last month. One of Shell's first moves as CEO was to appoint Mark Lazarus to chairman of television and streaming, where he is overseeing an effort to integrate NBCUniversal's various media and entertainment units.
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