This story has been updated to correct the impact on Stamford headquarters and fix the time element of one of the story’s paragraphs.
STAMFORD – Spectrum cable and broadband parent Charter Communications is laying off 1,200 employees, or just over 1% of its 95,000-person workforce, according to a Tuesday report in the Wall Street Journal.
The cuts are primarily in corporate and back-office functions both at the company’s Stamford headquarters and around the country. No sales or service employees will be affected, the source in the WSJ story said, adding that the moves are aimed at streamlining operations.
Charter Communications will not comment on the WSJ report.
The move comes three years after the telecommunications giant opened its 900,000-square-foot headquarters at 400 Washington Blvd. At the time, the company boasted about 1,800 employees in the tower next to the downtown Metro-North Railroad station. It had previously been based at 400 Atlantic St.
Four years ago, about 300 Charter employees gathered with elected officials including Gov. Ned Lamont for an event to celebrate the opening of the new headquarters, whose construction had been supported by an approximately $100 million company investment.
Charter was an early beneficiary of the First Five Plus corporate-incentives program launched by the administration of former Gov. Dannel P. Malloy. Under that program, the company received loans of $10 million and $6.5 million, up to $10 million in tax credits and a $2 million grant.
