Media scores organization Nielsen stated Tuesday it will exit numerous smaller sized, underperforming markets and non-core companies in the next half of this yr to cut expenditures and improve operational efficiency.
Nielsen has been restructuring as it moves towards splitting into two unbiased, publicly-traded organizations. It is also seeking to improve a share cost that has fallen by 38% in excess of the previous yr.
“As discussed on our earnings call in April, we have improved our focus on system consolidations, further automation, optimizing our global footprint, and guaranteeing that our source allocation aligns with substantial-margin crucial providers,” Main Executive David Kenny stated Tuesday in a information launch. “Today’s program encompasses, accelerates, and expands on individuals initiatives.”
“These restructuring steps will further expedite our transformation to a more efficient, agile, and scalable corporation and are made to push sustained margin growth and improved cash era,” he extra.
The business stated