According to Deadline’s NBC insider, the layoffs have to do more with Comcast than the ratings:
“I don’t think ad sales are off. I just think the people who bought this company, Comcast, wants to go through everything at NBC and get their money back,” an NBC insider tells me. ”It’s hard to go through those kinds of cuts. It’s more a network issue than a late-night issue. And I would say that Jay doesn’t get credit for digging out of a gigantic hole every single night. He’s a very valuable guy to NBC and someday everyone will understand that. He does a great job.”
In addition, the weekly show budget will be reduced from approximately $2.3 million to $1.7 million.