An announcement from Cable ONE (CABO) is now available.
Cable One, Inc. is set to implement organizational changes to boost customer growth, improve service delivery, and streamline operations. These adjustments involve a geographical restructuring of management systems and a more efficient customer service organization. As a result, the company will reduce its workforce by 4%, incurring pre-tax charges of about $7 million, mainly for employee severance. These changes are expected to result in $14 million annual cost savings, although this is contingent on certain assumptions and risks that could affect the final outcomes.
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