NBCUniversal is experiencing scattered layoffs in select divisions as the belt-tightening outlined in 2022 starts to take effect.
Insiders disputed early accounts of the reductions being widespread and amounting to hundreds of positions. Instead, the tally is more in the dozens and does not involve every division. One additional element is the company’s voluntary retirement program process, which business units are factoring into their assessment of operations heading into 2023.
The reductions come as media and tech companies confront a daunting economic landscape and general softness in the advertising market. While NBCU has thus far managed to buck the trend in terms of ad declines, it has acknowledged considering a plan to return the 10 p.m. hour of programming on NBC to local affiliates in the name of cost-cutting. That give-back scenario is on hold for now, sources told Deadline last month.