Oct 21 (Reuters) - Cable giant Charter Communications ( CHTR )

is laying off close to 1,200 employees, or just over 1%

of its 95,000-person workforce, a source familiar with the

matter told Reuters on Tuesday.

The job cuts will be related to corporate management

positions within the company and will not impact sales or

service roles, the source said, adding that the layoffs are

intended to streamline operations.

Charter follows other media and cable peers that are

trimming their workforce. Last month, Reuters reported

exclusively that Comcast ( CMCSA ) was planning to cut jobs at

its biggest unit, housing broadband and pay TV, to centralize

operations.

Newly merged Paramount Skydance ( PSKY ) will begin mass

layoffs next week, eliminating around 2,000 U.S. jobs, according

to media reports.

Charter is facing growing pressure from telecom carriers

offering bundled internet and 5G mobile plans. The company lost

117,000 internet customers in the second quarter, and 60,000 in

the January-March period.

The company added 500,000 mobile lines in the second

quarter, compared with Visible Alpha's expectations for a rise

of 538,450 customers.

Charter is seeking to expand through the $21.9  billion

acquisition of Cox Communications that would position it as the

largest cable TV and broadband provider in the U.S.

The company also announced a partnership with Comcast ( CMCSA ) to

establish a mobile virtual network operator that will use

T-Mobile's 5G network to serve wireless business

customers, with a commercial launch set for 2026.

The Wall Street Journal first reported the job cuts.