Comscore Announces Workforce Reduction As Part Of Realignment Plan
SCOR•Comscore outlines restructuring and cost cuts
Aug. 11 (Reuters) - Comscore Inc. (SCOR.O):
- Comscore announced a workforce reduction as part of a realignment plan, according to an SEC filing.
- The plan includes cost reductions, offshore support, resource reallocation and targeted investments, the filing said.
- The company may exit activities in certain geographic regions, according to the filing.
- Comscore expects exit-related costs of $7 million to $9 million for the realignment plan.
- Cash charges of $6 million to $8 million are expected for severance and termination benefits.
- Implementation of the plan is expected to be substantially complete in the third quarter of 2027.
- The board approved salary reductions and compensation changes for the executive team.
- Comscore said it is reducing CEO salary by 20% and CFO salary by 10% from October 2026 to December 2027.
- The restructuring efforts are expected to eliminate $20 million to $25 million in annual run-rate costs.
