All articles tagged with #versant spinoff
NBC News is laying off about 2% of its staff, reallocating resources primarily towards expanding NBC Sports and new sports coverage initiatives, as part of its preparation for the upcoming Versant spinoff that will separate NBC's cable assets from its news division.
NBC News announced about 150 layoffs, roughly 2% of its workforce, ahead of the Comcast's Versant spinoff, which will separate MSNBC and CNBC from NBC News. The cuts are due to NBC News no longer providing newsgathering for MSNBC and CNBC and are part of a broader strategic shift towards new areas like sports and subscription services. Impacted employees will receive notice, severance, and outplacement support.