Comcast on Wednesday announced that it will give $1,000 to over 100,000 of its employees as a result of the passage of tax-cut legislation in Congress, as well as the FCC’s repeal of net neutrality.
“Based on the passage of tax reform and the FCC’s action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees,” the company said in a statement.
Roberts also announced that Comcast would invest $50 billion over the next five years in infrastructure towards its “broadband plant and capacity, and our television, film and theme park offerings.”
Comcast says that it expects to bring on thousands of new employees as a result of the investments. The firm says it will offer further details in its Jan. 24 earnings report.
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Comcast to give one-time bonuses to employees after passage of GOP tax bill https://t.co/NqMNrEH0nv pic.twitter.com/hWBqcFFBlf
— The Hill (@thehill) December 21, 2017
JUST IN: AT&T announces it will "pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees" due to tax reform passage and will also increase US capital spending by $1 billion. https://t.co/jn8limUSe7
— CNBC Now (@CNBCnow) December 20, 2017
And Comcast is raising rates next year. The consumers are financing these raises.
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