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Wednesday, February 18, 2009
Layoffs: Comcast, SEI cut jobs
Comcast Corp., Philadelphia, "reduced head count by roughly 3,300 people in 2008," as the cable-Internet-phone giants consolidated its 29 regions into 21 to cope with slowing growth of new customers, COO Stephen Burke told investors in a conference call.

Separately, SEI Corp., Oaks, said today it will cut 5 to 10% of its workforce, or up to 230 people, as the mutual fund industry contracts.

Comcast employs around 100,000 nationally, with over 12,000 in the Philadelphia area. Most of SEI's 2,300 workers are locally-based. 
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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