Charter laying off 258 former TWC accountants and finance pros in Charlotte


Charter Communications will lay off 258 employees in Charlotte, N.C., mainly accountants, auditors and other financial pros, as it continues to integrate former Time Warner Cable operations.

The layoffs were first announced Sept. 12 and disclosed in a notice filed with the North Carolina Commerce Department, which was obtained by North Carolina Business News Wire. The cuts are slated to begin Nov. 1 and culminate by the end of next June. The filing was made under North Carolina’s Worker Adjustment and Retraining Notification (WARN) Act, which requires companies to notify state government if they’re making significant cuts. 

Included in the layoffs are 70 senior accountants, 11 financial auditors, 11 accounting managers and five president-level finance pros. Not one of them has union representation.

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As part of its purchase of TWC, Charter took over a three-building operations center in Charlotte, located on Crescent Executive Drive, that currently houses 1,367 employees before the layoffs. 

The nearby Time Warner Cable Arena, home to the NBA’s Charlotte Hornets, was recently rebranded as Spectrum Center. 

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Charter reps say the affected employees were offered relocation options.

"Charlotte is still a key corporate location for Charter, and we also maintain a large local staff to manage and operate our cable systems in the Carolinas," Charter spokesman Richard Ruggiero said to FierceCable. "And we have said consistently that Charter will be a net hirer as a result of our merger with Time Warner Cable and acquisition of Bright House Networks. We plan to add 20,000 jobs, as a result of bringing TWC call center work back from overseas, insourcing other work and growing to meet customer demand."