Cable giant Charter cuts 1,200 managers from its workforce

by

Charter Communications, one of the largest cable and internet providers, is cutting around 1,200 jobs across the country. This comes as the company deals with growing competition in the broadband internet market.

The company runs Spectrum, offering cable TV and internet service. While Spectrum used to be a major source of growth, the company has been consistently losing customers. In the first half of the year alone, they lost 177,000 internet subscribers.

The company has nearly 30 million internet customers.

Charter Communications has reduced its workforce by just over 1%, impacting corporate and management roles in Stamford, Connecticut, as well as locations in Charlotte, Denver, and St. Louis. A source with knowledge of the layoffs confirmed this information but was not permitted to speak publicly.

I heard from someone inside the company that they weren’t laying off anyone in sales or customer service. Apparently, these cuts are focused on making the management side of things more efficient. We’ll probably get a clearer picture of everything when they release their quarterly earnings report next week, though.

Besides offering internet, Charter also provides cable TV packages to 12.6 million subscribers.

It also has nearly 11 million mobile phone subscribers.

Hollywood Inc.

This agreement combines two of the nation’s leading cable companies as traditional pay-TV services continue to lose customers.

I’ve been following the news about Charter, and it seems they’ve recently made some cuts, even before they finalize their plans to acquire Cox Communications here in Southern California. A source close to the situation clarified that these cuts weren’t connected to the Cox deal at all, which I found interesting.

Charter’s proposed $34.5 billion acquisition of Cox, announced in May, is awaiting regulatory approval, but the federal government shutdown is causing delays.

Charter reported that it had about 94,500 active full-time workers at the end of 2024.

The company’s stock has fallen 27% so far this year. Yesterday, shares dropped about 1% during trading.

Entertainment & Arts

You might wonder why some shows and movies, like ‘Moonlighting’ or ‘Dawn of the Dead,’ aren’t available to stream. The reasons are often unexpected, ranging from issues with the people who made them to problems with the companies that distribute them.

While fewer people are subscribing to traditional cable TV and increasingly choosing streaming services, the company has seen consistent growth in its broadband internet revenue.

Charter noticed customers were shifting towards streaming, so they started providing streaming apps to their internet customers to keep them subscribed.

Two years ago, the company lost a significant number of cable TV customers when it temporarily stopped offering channels from Walt Disney Co., like ESPN, due to a disagreement over how to distribute them.

Charter successfully negotiated a deal to provide Spectrum customers with access to Disney’s streaming services, like Disney+ and Hulu.

Hollywood Inc.

A major dispute has led to ESPN, ABC, FX, and other channels owned by Disney being pulled from Charter Spectrum, impacting 14.8 million households.

The company had already been undergoing scattered instances of belt-tightening.

In August, Charter Communications ended its highly-rated news program, “LA Times Today,” which was created with the Los Angeles Times and broadcast on its Spectrum 1 channel.

Read More

2025-10-22 19:01