NBC Begins Job Cuts, With Media Industry Reeling From Ad Losses

People stuck at home during the Covid-19 pandemic may be consuming more media than ever, but the ax is falling at the companies that provide much of their entertainment.

NBCUniversal has begun issuing pink slips to employees, a person with knowledge of the matter said Tuesday, the result of faltering advertising sales and a shutdown of movie and TV production. Part of Comcast Corp., NBC is eliminating jobs across its broadcast and cable-television businesses, movie studios and theme parks. The cuts may amount to 10% of its 35,000-person payroll, the Wall Street Journal reported.

AT&T Inc., whose WarnerMedia ...