OUTFRONT Media to cut ~120 jobs (6% workforce); expects $18.6M restructuring charges

OUTFRONT Media Inc.

Workforce reduction of approximately 120 employees, or 6% of total employees.
Estimated restructuring charges of $18.6M: $16.4M cash severance/benefits and $2.2M non-cash stock compensation.
Charges expected in Q2 2025; cash expenditures mostly over next 12 months.
Projected annualized cost savings of $18-20M; FY 2025 savings already included in prior guidance.
Reduction in force expected to be completed by end of Q2 2025.

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