Outfront Media Inc. Announces Workforce Reduction Plan Aiming for Strategic Realignment and Cost Efficiency
Outfront Media Inc. has announced a restructuring and reduction in force plan aimed at achieving its strategic goals of increasing sales demand, enhancing customer experience, optimizing internal cost efficiencies, and realigning its organization. The plan involves reducing the company's workforce by approximately 120 employees, which constitutes around 6% of its total staff. The company anticipates completing this reduction by the end of the second quarter of 2025. Outfront Media expects to incur approximately $18.6 million in total restructuring charges, including severance payments, employee benefits, and professional fees, with the majority of these expenses being future cash expenditures over the next twelve months. The company projects annualized cost savings of about $18.0 million to $20.0 million as a result of the reorganization.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Outfront Media Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001579877-25-000091), on June 24, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.