What department? How many affected? Severance?
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The Real Story
Nielsen Is Shrinking
By AdExchanger
Thursday, September 7th, 2023 – 12:03 am
The latest layoffs are likely related to Nielsen’s acquisition by a private equity consortium last year. Private equity is known to squeeze ad tech companies for as much cash and profit as possible by shaving them down to their core business and nixing just about everything else. In Nielsen’s case, the priority now is Nielsen ONE, its cross-media measurement platform.
Sources with knowledge on the matter say this round of layoffs could also produce as much as $200 million in annual savings to help offset an outstanding $10 billion in acquisition-related debt.
Either way, Nielsen is under a ton of pressure to become profitable despite intense competition in the TV currency space.
Just celebrated 9 years and got let go yesterday. Tech Specialist. As far as I know myself and 3 others out of a team of 14. Makes no sense, we do so many installations remotely saving the company a lot of money. Today I woke up feeling liberated , I know we will succeed in finding a place where we will be paid better and appreciated more, good luck everyone
One more Audio PM laid off today (Central)
Cuts have started in Australia...
At least one Ad-Intel role has been cut already. Rumours of double-digit cuts in that department....
Wow, cr-p is hitting the fan when you read about sales/client side people getting the ax!!!! They are literally the money makers for the company, as was I back in my day. Good lord, even Ad Intel? That was a super high margin biz in the old days. And firing local ratings sales peeps? Dang, those contracts don't "sell" themselves like they used to I guess. Listen up folks, you will look back on this day with glee. Trust me. The day to day stress that can ki-l you from working a job in which you're likely terribly underpaid is not good for your health. There are a million other companies and jobs and industries out there. Ask anyone who is old school Nielsen (I was) how great a place it was 20 yrs ago vs now! Dang, even 10yrs ago maybe. Don't stress, go relax, get another job, feed your family. Nielsen is not life defining.
At least one PRS let go today.
What was the severance package for those who were let go?
Commercial advertiser audience measurement team was hit hard this afternoon, too. All levels, mostly more experienced. Cutting costs for sure.
Let go this afternoon. Audio Dsci
numbers? nielsen is all about numbers so ......?
In Audio ROC the PMs for Southwest, Northeast, and Northwest got let go.
Which Panel Managers in audio were let go? Which regions? No one is texting me back.
Any PRS leads let go?
three people in my dept in ops
Product, DSCI, Client/Sample Insights (above sample managers), ROC PMs, PRSs for both TAM & audio, Engineering, specialized services, Ad-Intel, have all taken hits today!!
US MR Training team has been impacted. Not sure how many.
Let go today - US Media Product
So far three panel managers and four leads have been let go in audio.
I joined the company because I thought of stability and a proud name Id be excited to be apart of and in almost fifteen months I saw two layoffs and just was cut by the second one. The last five months was a nightmare, pretty much working as a contractor without leadership and a boss that didn’t hire me and had no lack of expressing his biased opinions about what he thought I could or couldnt do from the first couple of meetings we had. Sad to have gone through such a cr-p shoot. Let go today. Mid-Market Sales US
On the Audio PRS side: my team lead, and at least two other Audio TLs got the cut. I am only hearing rumors so far that at least one Audio PM is gone.
I got let go as well as another client response team member (that's 2 out of 4 in the US team). We were Ad Intel International. The two that were spared have the least tenure.
Mid-Market Sales Team US let go earlier today.
Up to 3 PRS Panel Managers now and at least one lead has a scheduled 1:1 later this afternoon.
Let go this morning US Sales Side Audience Measurememt
Do we know which TAM Panel Managers?
We're up to six panel managers let go in TAM. This place is an absolute cesspool!!!
At least two PRS Panel Managers have been let go.
Two of my colleagues got hit - US Dsci - Digital. I did not get impacted but am planning to leave by the end of this year as there are no opportunities for growth
My wife has been with the company for over 10 years. One of the most hard-working people I know. Very UNDER PAID compared to the other people in her area of work. Always volunteered for work and got laid off this morning. This company is going down the drain. Seems like RIs are safe but hitting mostly management.
Re: Im interested if the PRS team will get laid off...
So far TL's are being laid off (I believe at least 3 but only 1 confirmed so far), no word of PRS's or PM's but it seems a TAM PM may have been let go as well. It seems so far like mostly management type roles for us.
Just found out one of my team got let go, Operations
Just got notification my TAM panel manager was let go. I am unbelievably upset and at a loss for words. Best manager I have had in my career. Kenny and Karthik need some damn paycuts!!!!!!!
When will US people be safe this round? Should we wait for a week? Or is it mostly today?
Im interested if the PRS team will get laid off, they just told us we would get raises starting in October so I would think not.
9% of the company.
no idea which depts besides product
re:I got hit in Ad-Intel. Su-ks 23 years…
sorry it happen to you. you get severance?
I got hit in Ad-Intel. Su-ks 23 years…
Which product teams, Audio? TAM, etc.
What level of the organization? Managers? Directors?
So far … product team and data science have been hit.
Anyone have actual numbers?