Cable One Expects To Reduce Its Total Employee Headcount By Approximately 4% - Filing

On June 13, 2024, Cable One announced to its employees that it is implementing certain organizational changes intended to enhance the Company’s ability to grow, retain and serve customers and streamline its operations. 

The company expects to incur aggregate pre-tax charges of approximately $7 million related to the headcount reduction, which are expected to constitute cash expenditures consisting of employee severance and other one-time termination benefits. Substantially all of the charges are expected to be incurred in the second quarter of 2024.

Once the organizational changes are fully implemented, the Company expects to achieve approximately $14 million of annual run-rate cost savings.