Comcast, Cox to slash jobs in slowing economy

November 5, 2008 2:00:19 PM PST
Philadelphia-based Comcast and Atlanta-based Cox Communications are cutting jobs. Both cable operators restructure operations to boost efficiency in the face of a slowing economy. Cox told employees on Monday that it is cutting 460 jobs - or 2 percent of its work force - through early retirement offers, attrition and possibly layoffs.

Comcast is laying off 300 employees out of a work force of 100,000 nationwide. Most job cuts are at CN8, a local TV network that serves over eight million households in the northeast. It airs public affairs and community programming focusing primarily on city and regional interests.