Checked my email a bit ago and saw Elad Nafshi sent an email to about 1,500 people about how well the Technology and Product teams are doing.
The teams are CHQ, but it seems like a huge gut punch to all of the division teams that are going to be wrecked with the newest round layoffs.
The rate at which Comcast is sending jobs offshore will lead to just C-suite in Philly office.
@e7 The ACP was a successor from Emergency Broadband Benefit (EBB) which was part of the Covid response package. It was more to help low income households afford internet so the kids could attend virtual classes. obviously that's not a thing anymore and the programs ran out of money, thus sub counts also dropped when these households dropped off. so while i agree with some of your points these programs have very little to do with comcast ability to keep personnel since these programs and money associated are defunct.
All hands hosted by Elad today. He talked up senior leadership’s decisions (Amy Lynch and Dave Watson mentioned) and continued to babble on about how the changes (layoffs) will be great for the company.
He reiterated that all of this needs to happen by January 1st but didn’t provide any information on what “all of this” is.
All in all he just wasted oxygen spewing nonsensical corporate BS.
Elad is a joke. Pretending knowing and understanding everything but he is full of hot air. Never met a guy that works so hard and still is just barely understanding the surface. He hears one piece of data and makes big decisions based on that without considering other aspects. He is trying to build the best Docsis network (over hybrid fiber/copper) when the world has already moved on to fiber.
My sentiment exactly. They are also getting tax breaks. And then selling their products to Americans. They also ask employees to send thank you notes to veterans while all the hiring is happening India. Let's not even get into the data access and network and cybersecurity management from India. What could go wrong?
Comcast has received $232.4 million in disclosed ACP (Affordable Connectivity Program) reimbursements through February 2023 from the U.S. government—funded by taxpayer money. The question remains: how much additional undisclosed funding has the company received?
Despite this substantial government support, Comcast has implemented significant workforce reductions in the United States since last year. The company has been encouraging senior employees to accept voluntary separation packages and recently announced the shutdown of several divisions, which will result in over 6,000 additional U.S. job losses.
Simultaneously, Comcast is hiring more than 7,000 employees in India through CIEC (Comcast International Engineering Center), despite not conducting substantial business operations in that country.
This pattern of accepting taxpayer-funded subsidies while eliminating American jobs and expanding operations overseas raises questions about corporate responsibility and the appropriate use of public funds. It would be beneficial if the current administration examines such business practices and considers whether policy adjustments are needed to ensure that companies receiving government support maintain their commitment to the American workforce.