{"id":10382,"date":"2023-11-15T16:26:05","date_gmt":"2023-11-15T16:26:05","guid":{"rendered":"https:\/\/lendingsensibly.com\/finance\/transunion-to-cut-1300-jobs-as-part-of-multiyear-plan-to-reduce-costs-drive-growth\/"},"modified":"2023-11-15T16:26:09","modified_gmt":"2023-11-15T16:26:09","slug":"transunion-to-cut-1300-jobs-as-part-of-multiyear-plan-to-reduce-costs-drive-growth","status":"publish","type":"post","link":"https:\/\/lendingsensibly.com\/?p=10382","title":{"rendered":"TransUnion to cut 1,300 jobs as part of multiyear plan to reduce costs, drive growth"},"content":{"rendered":"<div><!----> <!----> <\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\"><\/div>\n<\/div>\n<\/div>\n<p>TransUnion said it will cut its workforce by 10%, or roughly 1,300 jobs, as part of a plan to reduce costs and fund growth, the consumer credit reporting agency announced Wednesday.\u00a0<\/p>\n<p>The company expects to deliver $120 to $140 million of annualized operating expense savings and a $70 to $80 million capital expenditure reduction in 2026 relative to 2023 levels.<\/p>\n<p>About half of the operating expense savings are expected to be realized in 2024, TransUnion said.<\/p>\n<p><strong>AMAZON CUTS JOBS IN MUSIC STREAMING DIVISION<\/strong><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" ><source media=\"(min-width: 768px) and (max-width: 1023px)\" ><source media=\"(min-width: 1024px) and (max-width: 1279px)\" ><source media=\"(min-width: 1280px)\" ><\/source><\/source><\/source><\/source><\/picture><\/div>\n<\/p><\/div>\n<p>The staff reduction is part of a multiyear transformation plan to optimize the company\u2019s operating model and advance its technology. TransUnion said it will leverage Neustar\u2019s cloud-native technology to create its next-generation integrated data management, identity resolution, analytics and delivery platform.\u00a0<\/p>\n<p>&#8220;While these changes involve difficult decisions, they strengthen TransUnion and create an opportunity to extract more value from our recent acquisitions,&#8221; TransUnion CEO Chris Cartwright said in a statement.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><picture><source media=\"(max-width: 767px)\" ><source media=\"(min-width: 768px) and (max-width: 1023px)\" ><source media=\"(min-width: 1024px) and (max-width: 1279px)\" ><source media=\"(min-width: 1280px)\" ><img decoding=\"async\" src=\"https:\/\/lendingsensibly.com\/wp-content\/uploads\/2023\/11\/3.jpg\" alt=\"TransUnion\"><\/source><\/source><\/source><\/source><\/picture><\/div>\n<\/p><\/div>\n<p><strong>NOKIA TO CUT UP TO 14K JOBS AMID &#8216;MARKET UNCERTAINTY&#8217;<\/strong><\/p>\n<p>TransUnion said it also expects to incur around $355 million to $375 million of one-time pre-tax expenses, with the majority taken on by the end of next year. Those numbers include approximately $155 million in employee separation and facility exit costs.<\/p>\n<p><strong><\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.foxbusiness.com\/markets\/transunion-cut-1300-jobs-part-of-multiyear-plan-reduce-costs-drive-growth\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TransUnion said it will cut its workforce by 10%, or roughly 1,300 jobs, as part of a plan to reduce costs and fund growth, the consumer credit reporting agency announced Wednesday.\u00a0 The company expects to deliver $120 to $140 million of annualized operating expense savings and a $70 to $80 million capital expenditure reduction in 2026 relative to 2023 levels. About half of the operating expense savings are expected to be realized in 2024, TransUnion said. AMAZON CUTS JOBS IN MUSIC STREAMING DIVISION The staff reduction is part of a multiyear transformation plan to optimize the company\u2019s operating model and<\/p>\n","protected":false},"author":1,"featured_media":10383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-10382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TransUnion to cut 1,300 jobs as part of multiyear plan to reduce costs, drive growth | LendingSensibly<\/title>\n<meta name=\"description\" content=\"TransUnion said it will cut its workforce by 10%, or roughly 1,300 jobs, as part of a plan to reduce costs and fund growth, the consumer credit reporting\" \/>\n<meta name=\"robots\" content=\"index, follow, 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