Equifax Cuts 700 Jobs

Share this article:
Equifax Inc., an information solutions provider and the largest credit reporting agency in the United States, cut 700 jobs, primarily outside the United States, the company reported last week.


The cuts, mostly made over the past quarter in Europe and Latin America, decreased the company's workforce more than 11 percent to 5,200 employees.


The company said solid results from its North American consumer reporting business would lead it to meet Wall Street operating earnings estimate expectations of 32 cents for the fourth quarter, excluding about $60 million in special charges. The charges consist of approximately $37 million for employee severance and facilities consolidation and $23 million to write-down several technology investments.


Equifax will report its fourth quarter and year-end results Jan. 24.


Share this article:
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Harvard Prof: Marketers Need to Step Up Their Predictive Abilities

Harvard Prof: Marketers Need to Step Up Their ...

Statistics expert Edo Airoldi says data must be paired with predictive analytics before marketers can truly forecast customer behavior.

The (Marketer's) TV Guide

The (Marketer's) TV Guide

Public broadcasting station WGBH in Boston cleans up its dirty data and boosts donations.

Acxiom Mobilizes and Socializes SMBs

Acxiom Mobilizes and Socializes SMBs

MyAcxiomPartner.com enables simple campaigns for social and mobile channels.