The announcement of cost-saving measures by PROG Holdings is likely to be viewed positively by investors as it indicates a proactive approach to improving operational efficiency and profitability. The expected annualized pre-tax savings of $15 million could lead to an improved bottom line, which may result in a short-term positive impact on the stock price. However, the extent of the impact will depend on the market's perception of the long-term benefits of these actions versus the potential downsides, such as reduced workforce morale or service quality.