Cable ONE Announces Organizational Changes for Efficiency Gains
Company Announcements

Cable ONE Announces Organizational Changes for Efficiency Gains

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.

Related Articles
TipRanks Auto-Generated NewsdeskCable ONE Restructures Leadership Team, Alters Key Roles
Gilan Miller-GertzEx-Dividend Date Nearing for These 10 Stocks – Week of August 26, 2024
TheFlyCable One reports Q2 EPS $8.16, consensus $9.36
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App