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CBEY > SEC Filings for CBEY > Form 8-K on 24-Jan-2014All Recent SEC Filings

Show all filings for CBEYOND, INC.

Form 8-K for CBEYOND, INC.


Costs Associated with Exit or Disposal Activities

Item 2.05 Cost Associated with Exit or Disposal Activities

On January 21, 2014, Cbeyond implemented a workforce reduction plan to rebalance its resources due to the expected revenue declines and margin compression related to its ongoing business transformation. The workforce reduction plan resulted in reducing headcount by approximately 100 employees. Cbeyond currently estimates that it will recognize pre-tax charges to its GAAP financial results of approximately $2 million in the first quarter of 2014 consisting largely of severance and one-time termination benefits.

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