TransUnion nearly doubles previously announced layoffs to 640 employees in Illinois [Yahoo! Finance]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: Yahoo! Finance
The company previously reported that 339 employees would be laid off beginning in February, but an additional 301 are also receiving pink slips in Illinois, according to a required filing with the state Friday. In November, TransUnion announced plans to cut up to $140 million in annual operating expenses by 2026, with half of the savings to be realized this year. The company, which has more than 13,000 employees in 30 countries, said about 10% of its workforce would be affected by the cost reduction program through either relocation or layoffs. The cost-savings initiative includes shipping more U.S. jobs to its growing overseas operations, the company said. Illinois is taking the brunt of the shift, with reported job cuts amounting to about 5% of TransUnion's total workforce. “As part of that effort, we are transitioning certain roles to our successful Global Capability Centers (GCCs) to improve productivity, save costs and fund growth,” TransUnion said in a statement Tuesday.
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News
- How length of credit history affects your credit score [Yahoo! Finance]Yahoo! Finance
- TransUnion (NYSE: TRU) had its price target raised by analysts at Morgan Stanley from $87.00 to $90.00. They now have an "overweight" rating on the stock.MarketBeat
- TransUnion (NYSE: TRU) had its price target raised by analysts at Stifel Nicolaus from $83.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Zenoo ensuring refugee charity stays safe [Yahoo! Finance]Yahoo! Finance
- TransUnion (NYSE: TRU) had its price target raised by analysts at Robert W. Baird from $87.00 to $94.00. They now have an "outperform" rating on the stock.MarketBeat
TRU
Earnings
- 4/25/24 - Beat
TRU
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/23/24 - Form 8-K
- TRU's page on the SEC website