11 billion dollars in debt 2 billions of which high interest debt. Thousands upon thousands of layoffs. Many clients have stopped subscribing or switched providers. Is this all employees fault?
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Create social media profiles. Respond to every Nielsen linkedin post, job ad, twitter. Remind them how they treat people. Make it hard to hire replacements.
Nielsen is a zombie company that makes enough profit just pay its interest on their debt. The 2 billion junk bond(rate 10% or 11%) note they used in the deal matures in 2029 - even if Nielsen limps along for another 5 years the note will come due and draconian cuts will follow or put Nielsen out of its misery.
I totally agree with this. At least my manager is doing everything on his power to do the wrong thing, even when good engineers that have been at Nielsen for years are telling him otherwise. No wonder competitor like iSpot become a real challenge, to many managers and they are all about clocking hours instead of results and innovation!
My experience at Nielsen saw the smartest and most hardworking people I’ve worked with in my career. The downfall of this company is squarely on managements shoulders! Don’t ever blame the dedicated hard working caring employees!
I was part of the 1/11/23 massacre!
That is very difficult to answer & very few to none would have enough company insight to provide a really good response. I worked at Nielsen for several years & 2023 saw it's 100 year anniversary & the company behaves likes it's 100 years old, in many ways. Nielsen has largely failed to adapt to a quickly changing media landscape & other competitors are doing it better. I feel Nielsen is now largely viewed as the "Old Guard" & is only hanging on due to age-old good name & history. I do think overall that the leadership team is a mediocre to poor group of people. I personally had a low option of David Kenny & that Karthik Rao is absolutely disgusting. Nielsen also pays below the industry average for most of its roles, so it's never going to attract real talent. The problem also is that with the dire financial situation of the company, there is no budget for any real innovation & with much of the company soon to move to cheaper markets, the quality of output will deteriorate & I expect Nielsen may well be gone within the next year or two. The company going private in 2022 became a real nail in the coffin. Anyway, I guess in some respects, all employees play a part, but the leadership team & the private acquisition are the key elements to where things are now & an inability to effectively adapt to the changing market. The need to cut costs now, is greater than any other business motivation.
I’m not even in a division that deals with a lot of Nielsen’s bad decisions. We’ve been kinda our own thing. Now we all go down thanks to C Suite level cr-p decisions and debt.
Let's not point the finger, we're all complicit.
Employees take orders so it's all leadershit's fault.