Comscore to Reduce Headcount by a Further 8%
Comscore has disclosed plans to cut a further 8% of its workforce, adding to around 10% made redundant in the second quarter.
Earlier this month, CEO Dale Fuller (pictured) said that in the second quarter, the company had taken 'significant steps' to better prioritize and refocus, adding that the management team is now exploring all aspects of the business including conducting a strategic review of all options. Comscore has not discounted the possibility of a sale of all or part of the business.
The further cuts were disclosed in an SEC filing, which adds that most of those impacted will leave the company in the third quarter. Exit-related costs will range from $1.5m to $2.5m. The company said that together with recent attrition, the layoffs are expected to decrease the company's annualized operating costs by more than $20m.
Web site: www.comscore.com .