Comcast Stock (NASDAQ:CMCSA) Slips as Job Cuts are Inbound
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Comcast (NASDAQ:CMCSA) is set to reduce its workforce in early 2025, following a memo indicating a restructuring that will eliminate a layer between corporate and regional offices, primarily affecting back-office staff. This comes after the company lost 226,000 internet customers in Q2 2025. Despite the layoffs, Comcast appointed Mike Cavanagh as co-CEO alongside Brian Roberts. Analysts have a Moderate Buy consensus on CMCSA stock, with a price target of $40.50, suggesting a potential upside of 28.65% after a 24.06% decline in the past year.
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