Charter to Shed 258 Accountants, Finance Workers in North Carolina

Charter Communications will layoff about 258 accountants, auditors and other finance workers in its former Time Warner Cable locations in North Carolina.

According to North Carolina Business News, Charter notified the state Commerce Department of the layoffs, which would begin on Nov. 1 and last through June of next year. The affected workers were told of the layoffs on Sept. 12, and were offered the opportunity to stay with the company and relocate to other Charter areas. They are eligible for severance packages and outplacement services.

According to the News, citing the documents filed with the state, about 70 senior accountants, 11 financial auditors, 18 accounting managers and five vice presidents of finance are among those targeted to be let go.  Charter has about 1,367 employees in Charlotte, N.C., currently.

Charter completed its purchase of Time Warner Cable and Bright House Networks in May. Since then the company has said it is moving towards integrating the operations, switching to its Spectrum brand in select markets in California and elsewhere.

“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,” said Charter’s vice president filed relations, Rich Ruggiero in a statement. “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.”