Over 100 jobs to go at Arbitron as firm looks to cut costs
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US-- Radio ratings provider Arbitron is laying off 10% of its staff – approximately 110 people – as part of a $10m cost-cutting drive.
It expects to incur $8-9m in costs from the lay offs, but hopes to save more than $10m per year as a result.
Michael Skarzynski, who joined the firm as CEO in January, said the company was “realigning and restructuring” to focus on strengthening its radio ratings service, developing new multimedia services and speeding up decision making.
“The workforce reduction was a difficult and painful decision and I am grateful for the contributions of all of our employees,” he said.
He hinted that there may be more changes to come, saying: “The company is re-evaluating the skill sets that we need given the rapidly changing and competitive media measurement marketplace.”
The lay-offs, set to take place this month, follow changes at the top implemented by Skarzynski, which have seen the firm move its headquarters from New York to Columbia, Maryland, and senior executives Owen Charlebois and Linda Dupree leave the firm.
Author: Robert Bain
