Comcast, AT&T Plan $1,000 Bonuses for Some Employees in Response to Tax Cut Bill's Passage

Comcast said it will provide “special” $1,000 bonuses to more than 100,000 of its “eligible frontline and non-executive” U.S. employees in response to Congress' passage of tax cut legislation and the FCC's vote earlier this month to rescind its 2015 net neutrality rules (see 1712140039 and 1712200030). Comcast's Wednesday announcement followed AT&T's announcement that it will provide $1,000 bonuses to more than 200,000 U.S. employees and increase its spending by $1 billion in 2018 in response to the tax cut. Comcast said it also plans to “spend well in excess of $50 billion over the next five years investing in infrastructure to radically improve and extend our broadband plant and capacity.”