"Cable giant Charter Communications is laying off close to 1,200 employees, or just over 1% of its 95,000-person workforce, a source familiar with the matter told Reuters on Tuesday. The job cuts will be related to corporate management positions within the company and will not impact sales or service roles, the source said, adding that the layoffs are intended to streamline operations. Charter follows other media and cable peers that are trimming their workforce."
"Charter is facing growing pressure from telecom carriers offering bundled internet and 5G mobile plans. The company lost 117,000 internet customers in the second quarter, and 60,000 in the January-March period. The company added 500,000 mobile lines in the second quarter, compared with Visible Alpha's expectations for a rise of 538,450 customers."
Charter Communications will lay off approximately 1,200 employees, about 1% of a 95,000-person workforce. The cuts target corporate management positions and will not affect sales or service roles. The layoffs are intended to streamline operations. The company lost 117,000 internet customers in the second quarter and 60,000 in the January–March period. Charter added 500,000 mobile lines in the second quarter, below Visible Alpha's expectation of about 538,450. Charter is pursuing a $21.9 billion acquisition of Cox Communications to expand and become the largest cable and broadband provider. The company also partnered with Comcast to build an MVNO using T-Mobile’s 5G network targeting a 2026 commercial launch.
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