Results are great, but I haven't been here long enough to know if that means that layoffs are not a threat for now? Does Comcast cut people even when results are good? I'm asking because my old company sadly had layoffs even when we were achieving record profit.
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The results are not great. The headline results might look good. Good revenue, good profit, good cashflow. But look one deeper. The company is losing customers at an accelerated pace and competitors are overbuilding Comcast - with a better product (fiber) or cheaper product (FWA). Comcast's earnings are expected to fall a lot over the coming years and there is nothing Comcast can do about it. This is why investors don't want to buy the stock. Comcast's executives keep saying the stock is cheap and the company is doing great. If that was true - do you don't think investors would buy the stock? Hundreds of financial analysts are following Comcast and they know every number of the business. They also know math and how finance works. That's why they sell the stock.
What you see as an employee is just the top of the iceberg. The management want to execute "as good as possible" in a strong downtrend. To do that, they must the employees happy and motivated. So, they blow the ho-n and talk about how good the company is. But again, the market is not stupid. They know this is a company in perpetual decline. The leadership of Comcast knows that too. That's why they have 2 or 3 rounds of layoffs every year and they try to keep shrinking the cost base.
Here is the scary part. Despite shrinking the employee cost and all the layoffs over the last few years. The profit margin is going down. If you strip out Olympics, and other one-time events, all financial metrics are going down: revenue, EBIDTA, cashflow are all in decline. Sure, still highly profitable, but the decline has started and when it started it can only accelerate. It is a downward spiral that is accelerating.
you think a $23.82 stock price is good?
Regardless of results or tenure, layoffs are possible. They usually do them 2-3 times a year these days and try to keep it quiet.
I worked for comcast from 2003 to 2019 when times were very good. We still had layoffs annually but the worst was when a large group of the failed AOL came over via John and Andy.
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Results have no bearings on layoffs.