Nielsen laying off 9% of its global workforce
Measurement giant cites need to bring costs in line with revenue; others cite private-equity debt burden.
ShanonG
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Nielsen is laying off about 9% of its global workforce in an effort to bring costs in line with revenues, the measurement company announced to employees today.
The company, taken private last year by a private equity group led by Elliott Investment Management and Brookfield Business Partners, had about 15,000 employees worldwide and 6,200 in the U.S. the last time it filed an annual report as a public company in early 2022. So, while Nielsen had a smaller layoff earlier this year that affected its radio measurement business among others, the new round appears likely to affect well over 1,000 employees.
