Comcast announced that it will trim a sizable number of positions in its cable division as the company continues to see declines in both residential broadband and television subscribers. In its latest earnings release, the company disclosed a loss of 144,000 residential broadband customers in the third quarter of 2026, compared with a loss of 91,000 in the same quarter a year earlier.
The telecom giant has traditionally benefited from limited competition in the high‑speed wired broadband market. Today, however, it is contending with growing pressure from fixed‑wireless operators and expanding fiber networks that are entering parts of its cable footprint.
“Fixed wireless remains aggressive and continues to take share, while fiber construction remains elevated, with pockets of irrational pricing and promotional activity,” said Comcast co‑CEO Mike Cavanagh during the earnings call.