Charter Communications Announces Workforce Reductions Amid Customer Losses at Spectrum
Charter Communications (CHTR) announced a new round of layoffs affecting hundreds of employees amid ongoing customer losses for its Spectrum division. In Q1 2026, Spectrum lost 120,000 internet customers and 60,000 cable TV subscribers, contributing to a year-over-year revenue decline of 1%. The company is investing in the $34.5 billion acquisition of Cox Communications to improve its business.
Tickers: $CHTR
Topics: Cable TV Customer Losses Earnings Report Internet Services Mergers & Acquisitions