Cint Layoffs
December 2024
Cint announced a layoff affecting 0 employees (12% of its workforce) in December 2024. The company operates in the Data sector.
0
12%
Dec 12, 2024
About
Cint, a global research technology company with approximately 900 full-time employees, announced a workforce reduction of about 12% on December 12, 2024. This layoff affects both employees and contractors and is part of broader cost-cutting measures aimed at streamlining operations and enhancing efficiency amid challenging market dynamics. The restructuring is expected to reduce annual operating expenses by approximately €15 million, with a one-time charge of around €5 million in Q4 2024. The company is focusing on finalizing customer migration to its unified Cint Exchange in 2025 and plans to outline its revised medium-term strategy in a January 2025 investor update.
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