Nielsen Holdings layoffs, on the record
Every job cut, severance charge and restructuring Nielsen Holdings reported in its annual reports, 2019 to 2021, quoted from the filings. Headcount went from approximately 46,000 to approximately 15,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2019 | approximately 46,000 | December 31, 2019 |
| 10-K for 2020 | approximately 43,000 | As of December 31, 2020 |
| 10-K for 2021 | approximately 15,000 | As of December 31, 2021 |
Job cuts, severance and restructuring
Our summaryRecorded restructuring charges, mainly employee severance tied to plans to reduce SG&A expenses, consolidate operations centers and automation initiatives.
Word for word“We recorded $80 million and $139 million in restructuring charges, primarily related to employee severance costs associated with our plans to reduce selling, general and administrative expenses and consolidate operations centers, as well as automation initiatives for the years ended December 31, 2019 and 2018, respectively.” 10-K for 2019
Our summaryRecorded restructuring charges, mainly employee severance tied to plans to reduce SG&A expenses, consolidate operations centers and automation initiatives.
Word for word“We recorded $139 million and $80 million in restructuring charges, primarily related to employee severance costs associated with our plans to reduce selling, general and administrative expenses and consolidate operations centers, as well as automation initiatives for the years ended December 31, 2018 and 2017, respectively.” 10-K for 2019
Our summaryRecorded restructuring charges, mainly employee separation packages, under its productivity initiatives; restructuring liability was $35 million at year end, with $30 million expected to be paid within one year.
Word for word“Of the $ 35 million in remaining liabilities for restructuring actions, $ 30 million is expected to be paid within one year and is classified as a current liability within the consolidated financial statements as of December 31, 2019.” 10-K for 2019
Our summaryAnnounced a broad-based optimization plan to drive permanent cost savings and operational efficiencies, substantially completed in 2020, with restructuring charges mostly for employee severance.
Word for word“Nielsen incurred $ 144 million of restructuring charges in the year ended December 31, 2020.” 10-K for 2020
Our summaryRecorded restructuring charges, primarily for employee severance tied to separation packages under the 2020 optimization plan.
Word for word“These charges primarily related to severance costs associated with employee separation packages.” 10-K for 2020
Our summaryRecorded restructuring charges for severance, office consolidation and operations center consolidation, plus automation initiatives, to reduce SG&A expenses.
Word for word“We recorded $80 million in restructuring charges, primarily related to employee severance costs associated with our plans to reduce selling, general and administrative expenses and consolidate operations centers, as well as automation initiatives for the year ended December 31, 2019.” 10-K for 2020
Our summaryNielsen announced a broad-based optimization plan to cut costs and improve efficiency, and it was substantially completed in 2020.
Word for word“On June 30, 2020, we announced a broad-based optimization plan (the “Restructuring Plan”) to drive permanent cost savings and operational efficiencies, as well as to position us for greater profitability and growth.” 10-K for 2021
Our summaryNielsen recorded restructuring charges in 2021 and 2020, mostly for real estate consolidation in 2021 and employee severance in 2020.
Word for word“Pre-tax restructuring charges in 2021 were $13 million, which primarily r elated to real estate consolidation, and $37 million in 2020, which primarily related to severance costs associated with employee separation packages.” 10-K for 2021
Our summaryIn 2019 Nielsen recorded restructuring charges mainly for severance tied to plans to cut overhead, consolidate operations centers and automate.
Word for word“We recorded $30 million in restructuring charges, primarily related to employee severance costs associated with our plans to reduce selling, general and administrative expenses and consolidate operations centers, as well as automation initiatives in 2019.” 10-K for 2021
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $105 million | $69 million |
| 2017-12-31 | $80 million | $97 million |
| 2018-12-31 | $139 million | $127 million |
| 2019-12-31 | $30 million | $20 million |
| 2020-12-31 | $37 million | $25 million |
| 2021-12-31 | $13 million | $12 million |
Nielsen Holdings filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Nielsen Holdings’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.