Outfront Media announces workforce reduction and restructuring plan (Investing)

Outfront Media Inc. (NYSE:OUT), a $2.7 billion market cap outdoor advertising company, announced Monday a restructuring and workforce reduction plan that will eliminate approximately 120 positions, representing about 6% of the company’s total employees. According to InvestingPro data, the company currently offers an attractive 7.56% dividend yield and trades at a modest P/E ratio of 10.35. […]