Comscore lays off 8% of workforce

Video measurement and analytics company Comscore will lay off approximately 8% of its workforce as part of a plan to reorganize its technology, product and sales organizations.

In a filing with the Securities and Exchange Commission, the company said most employees impacted by the layoffs will exit the company in the third quarter of 2019.

In connection with the layoffs, Comscore will incur exit-related costs expected to range between $1.5 million and $2.5 million, consisting primarily of one-time termination benefits and associated costs, to be settled in cash. The company said that together with recent attrition, the layoffs are expected to decrease the company’s annualized operating costs by more than $20 million, part of which will be realized beginning in the third quarter.

Source: Comscore lays off 8% of workforce