NBC News Group has sent termination notices to 150 employees as the organization continues to struggle with financial health.
As the traditional television business continues to experience falling viewership, NBC, the home of ‘Today’ and ‘Dateline’, has experienced eroding ad revenue that its growing digital arm has been unable to offset. Legacy outlets like NBC have been challenged by viewers increasingly migrating to streaming platforms, which has driven layoffs and other cost-cutting measures in the industry.
The layoffs reportedly started on Wednesday and extended into Thursday.
The latest cuts from NBC are also being attributed to the spinoff of cable networks MSNBC and CNBC. As of last week, NBC News no longer shares the same pool of resources with the two outlets.
The new stand-alone home for most of Comcast’s cable networks, including MSNBC and CNBC, is called Versant. Comcast moved to spin off the channels because it maintains that these older outlets face poor prospects in the future and are dragging down its share price.
The announced cuts represent more than 7% of the 2,000-person news division.
Additional cuts are anticipated across legacy TV news businesses throughout the end of the year. Following the merger of Paramount with Skydance Media, CBS News is also expected to face staffing reductions.
In March, ABC News experienced layoffs after 6% of the ABC TV network was let go by parent company Walt Disney Co. That reduction followed one just months earlier when 40 news staffers were laid off in October 2024.