00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NBC News has laid off about 150 employees or 7% of its workforce as pair company Comcast
00:07appears to separate the network from its cable affiliates, that according to Axios.
00:12They also affected multiple departments with an adversity unit in harvest.
00:15NBC Universal News Group Chairman Cesar Conde told staff the cuts weren't necessary
00:20to remain strong as an industry leader, but they are not easy and are never taken lightly.
00:24Around a dozen positions are being repurposed as new roles and affected employees are encouraged
00:29to apply.
00:30The move comes amid a wave of media consolidation and cost-cutting, putting job reductions
00:34expected at Paramount following its merger with Skydance Media.
00:37For all things money, visit Benzinga.com.
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