Charter, Cable One plot price increases amid layoffs

Charter and Cable One are planning to raise internet prices this summer—news that comes after both companies announced a batch of layoffs. Charter plans to raise the internet base price on all plans by $3 monthly (or $4 for legacy plans). Those rates will take effect in July. As for Cable One, it is increasing Sparklight high-speed internet rates by $5 per month effective July 1. However, customers can offset that by changing their payment method. To offset this increase, customers who enroll in paperless billing and Auto Pay via debit card or checking/savings account will receive a $5 corresponding credit, resulting in no monthly increase. Charter recently disclosed layoffs of more than 1,000 customer service employees, affecting 1.2% of around 101,000 total full-time workers. Cable One, which had just under 3,000 employees at the end of 2023, announced plans to lay off 4% of its workforce.