Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
See more data about CABO stock on TipRanks’ Stock Analysis page.