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Amid concerns about a broad economic downturn, Comscore, the analytics measurement firm and box office data provider led by CEO Jon Carpenter, is embarking on a restructuring plan aimed at cutting costs.
The Virginia-headquartered company disclosed in a Thursday filing with the Securities and Exchange Commission that it had “communicated a workforce reduction as part of its broader efforts to improve cost efficiency and better align its operating structure and resources with strategic priorities.”
Comscore did not disclose the number of staff impacted by the changes but noted in the filing that costs associated with its restructuring plan include “cash charges of approximately 6 million to 8 million for severance, termination benefits and related costs for impacted employees.” Comscore has 1,700-plus total employees currently.
Comscore posted overall revenue of 91 million in its second-quarter earnings disclosed in August but its digital advertising solutions revenue declined slightly...
Amid concerns about a broad economic downturn, Comscore, the analytics measurement firm and box office data provider led by CEO Jon Carpenter, is embarking on a restructuring plan aimed at cutting costs.
The Virginia-headquartered company disclosed in a Thursday filing with the Securities and Exchange Commission that it had “communicated a workforce reduction as part of its broader efforts to improve cost efficiency and better align its operating structure and resources with strategic priorities.”
Comscore did not disclose the number of staff impacted by the changes but noted in the filing that costs associated with its restructuring plan include “cash charges of approximately 6 million to 8 million for severance, termination benefits and related costs for impacted employees.” Comscore has 1,700-plus total employees currently.
Comscore posted overall revenue of 91 million in its second-quarter earnings disclosed in August but its digital advertising solutions revenue declined slightly...
- 9/29/2022
- by Erik Hayden
- The Hollywood Reporter - Movie News
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