Puzzleheaded_Read959 t1_j5yjti6 wrote
Reply to comment by monchota in NBCUniversal’s Peacock Tops 20M Paid Subs, Streamer’s Loss Hits $978M in Fourth Quarter by MarvelsGrantMan136
They’ll learn nothing.
The dinosaurs will get a nice bonus at the end of the year for their efforts.
It’s the employees who are going to be struggling to put food on the table when the dinosaurs need to make cuts in order to buy new yachts for Christmas.
jesbiil t1_j5z4cdm wrote
>Amid a recent industry-wide focus on restructurings and staff layoffs to boost profitability, the media and technology giant also disclosed $638 million in severance costs, or $541 million higher than in the year-ago period, that hit its earnings in the fourth quarter. That included $305 million in higher severance costs related to its cable systems division, $182 million in severance costs related to NBCUniversal and $53 million in higher costs related to Sky.
The big negatives on the balance sheet right now is paying severance to employees which is over half a billion more than last year.
TheDeadlySinner t1_j67us13 wrote
They wouldn't have hired those people in the first place without this. And they will have to cut most of their entertainment division if they don't have a cable or streaming business.
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