other material
confidence high
sentiment negative
materiality 0.60
ComScore announces restructuring plan with $13M-$18M in exit costs, including workforce reduction
COMSCORE, INC.
- $13M-$18M total estimated exit costs; $6M-$8M for severance, $6M-$8M for data center, $1M-$2M other.
- Workforce reduction effective Sep 29, 2022; board authorized Sep 19.
- Restructuring includes reallocation of resources, modernization of platforms, potential geographic exits.
- Cash payments expected substantially complete by Q4 2023; costs excluded from non-GAAP measures.