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Jack Reid

Comcast's Sky to Lay Off Nearly 1,000 Workers as Pay TV Unit Pivots to Streaming

Comcast Sky.

Comcast’s U.K. pay TV company Sky is planning to cut about 1,000 jobs in Britain this year, as the media group moves away from linear cable and satellite TV towards streaming-based services.

“The launch of Sky Glass and Sky Stream represents a shift in our business to deliver TV over IP [an internet connection] rather than satellite. Increasingly, customers are choosing Sky Glass and Sky Stream which don’t require specialist installation, and that has led us to change the number of roles we need to deliver our services,” reads a Comcast release sent to various Penske showbiz trades.

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