Acxiom to cut 140 jobs in Arkansas, 265 total positions

By The Associated Press

Little Rock-based Acxiom Corp. said Wednesday it will cut 265 positions, 140 of them in Arkansas.

“Slower revenue growth drove us to take this action to reduce expenses,” Acxiom top executive Charles D. Morgan said. “The workforce reduction, in addition to other targeted expense cuts, will position Acxiom to deliver improved financial results.”

Morgan says the cut represents about 3.7 percent of the company’s workforce. The company employs about 6,000 worldwide. It specializes in data integration services, data warehousing, and decision support services.

Acxiom is in the process of being bought out for $3 billion by two private equity firms.

In June, Acxiom’s board accepted an offer from Silver Lake and ValueAct Capital in which the firms would pay Acxiom shareholders $27.10 a share and take the company private. ValueAct is Acxiom’s largest shareholder.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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