Comcast Corporation is a publicly owned US multinational company founded in 1963. Its primary business is telecommunications, encompassing cable television services and related media and technology holdings. As of 2024, Comcast employs over 76,000 people and generates annual revenues exceeding $1 billion. The company's headquarters are located in the United States.
Compass Ion Advisors LLC acquired 13,629 shares of Comcast stock valued at approximately $486,000 during the second quarter, according to a Form 13F filing with the Securities and Exchange Commission. Comcast plans job cuts at its largest unit, which includes Xfinity internet, mobile, and pay television services. This restructuring, starting in January, aims to centralize operations, bolster the broadband business, and create a more direct reporting structure by eliminating a management layer between corporate and regional offices. The company made several changes at this unit, centralizing marketing, legal, and finance functions at the corporate level.
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