Rumors Swirl of Layoffs at Oglivy NY

Two ad bloggers today said they've heard rumors of lay offs coming down the pike at Ogilvy NY. George Packer, the funny, foul-mouthed blogger behind AdScam and AdHurl, reported this morning:

One of my "deep throats" in New York tells me there have been big layoffs this morning at Ogilvy. Can't find anything on the wires. Wouldn't surprise me... They haven't picked up any major new biz in fucking ages. Maybe, they're cleaning house before they move to that mothballed oil tanker on the far, far, West side. Anyone know anything? All fucking hush-hush as usual.

Tribble Ad Agency followed up on Packer's post, noting:

Parker got the goods, Major Layoffs at Ogilvy-- we heard that rumor as well-- but our sources are always not the rock solid ones that Parker got :) --

Since the cat is out of the bag, our sources stated that more layoffs are scheduled..

Where there's smoke there's usually fire, but then again in the blogosphere it takes amazingly little to produce some smoke. It's true that I haven't seen anything new announced by Ogilvy NY in a while, and parent group WPP announced disappointing sales growth last Friday.
(Picture of pink slips via Flickr user My Hobo Soul, CC 2.0)