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Major Cable And Broadband Provider Charter Promises No Workforce Cuts For 60 Days

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By Dade Hayes Finance Editor With most media and entertainment companies in cutback mode due to the coronavirus, Charter Communications has promised not to implement layoffs or furloughs for at least the next 60 days.

The No. 2 U.S. cable operator and a major supplier of broadband internet access said it is making the promise as part of an “ongoing commitment to its employees.” In a press release, the company said its goal is “to reassure our employees during this unprecedented time that we are facing together as a company and a nation.” Monday’s news follows earlier moves by Charter, including a permanent wage increase for all hourly workers from $15 to $20 over the next two years.

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