Nielsen Cuts Workforce: Nielsen Holdings has announced an "optimization plan" to drive permanent cost savings and operational efficiencies as well as position itself for greater profitability and growth, which includes a global reduction in force of approximately 3,500 employees. “These restructuring actions will further expedite our transformation to a more efficient, agile and scalable organization and are designed to drive sustained margin expansion and increased cash generation,” says CEO David Kenny. “As part of the optimization plan, we have made the difficult decision to exit selected businesses and markets and permanently reduce our workforce.” Nielsen now expects 2020 pre-tax restructuring charges of $150 to $170 million versus guidance of $120 to $140 million provided in April, with approximately half of those charges being incurred in Q2 as part of the employee severance costs. Cash payments for severances will continue into late 2021. More here.