03:32 AM EDT, 06/14/2024 (MT Newswires) -- Cable One ( CABO ) plans to reduce its workforce by about 4% as part of efforts to streamline operations, the company said in a Thursday regulatory filing.

The job cuts are expected to result in roughly $7 million in pre-tax charges, comprising of cash expenditures related to employee severance and other one-time termination benefits. Substantially all of the charges are anticipated to be incurred in Q2, the company said.

Cable One ( CABO ) estimates to generate about $14 million in annual run-rate cost savings once the layoffs are completed.

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