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Acxiom begins layoffs; cutting up to 30 million from annual cost

Posted: November 21, 2013 - 4:10pm

Acxiom has started executing the layoffs originally announced in the company’s second quarter earnings report released earlier this month, according to Acxiom’s communications department.

As it was originally announced in Acxiom’s second quarter earnings report Nov. 6, the company is looking to cut its annual cost base by $20 million to $30 million over the next six to 12 months.

Ines Gutzmer, Acxiom’s director of corporate communications and global marketing, said the layoffs are a company wide effort.

“We’re looking at every single area of the company,” she said. “There’s no single department.”

In a conference call after the release of the report, Warren Jenson, Acxiom’s chief financial officer, said in order to get faster and simpler, the company plans to streamline its management structure.

“This means minimizing the distance and management layers between Scott [Howe] and our front line,” he said.

Jenson also said certain parts of the business with scattered or duplicative roles would be “realigned” giving the example of the IT department.

“In IT, we will centralize what today is a dispersed effort into one organization,” he said.

In a longer-term effort, Jenson said he would be working with delivery and engineering organizations to systematically redefine and standardize workflows.

“Specific areas on our radar include centralized system monitoring, centralized customer support and data procurement,” he said.

Check back for updates.

Employees can expect measurable actions before the end of Acxiom’s fiscal year in the spring, Jenson said.

(Staff writer Michelle Corbet can be reached by email at michelle.corbet@thecabin.net or by phone at 505-1215. To comment on this and other stories in the Log Cabin, log on to www.thecabin.net. Send us your news at www.thecabin.net/submit)

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ucabear09 11/23/13 - 12:46 pm

Acxiom? Layoffs?

-Never...(sense the sarcasm)

There's a reason I wouldn't touch that company with a ten foot pole. Always making cutbacks. Hire people and when you think it's going great after 1-2 years, they lay you off.

sevenof400 11/23/13 - 07:55 pm

Welcome back my friends, to the show that never ends......

conwayville 11/23/13 - 08:54 pm
Job security?

Is there any job out there that carries any sort of security? Acxiom is just one of a bunch of places of employment that can/will lay workers off at a minutes' notice. Especially in the current times where it can happen to anyone and at any time, without notice. One thing I'll say about Acxiom is that usually you get some notice before a layoff comes. Some other companies I worked at in the past did not give that option. You showed up for work and went home a few minutes later with no certainty of when you were to go back (if ever).

One of the things I do know about them is that they'll hire a bunch of people and after a certain period of time, they'll lay a bunch of folks off. Usually (but not always) the laid off employees are the ones who are considered less essential to daily operations. The deadbeats go first usually. Do your job and go above and beyond is what I was always taught, and thus far I've been the only person in my department that had not been laid off. Lucky I guess?

The loss that they've shown over the last period is fairly substantial. I'm sure the top brass have the figures and the reasons why, but now it appears that the workers are going to have to pay the price. Or perhaps the company has made an Acxident of some sort?

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