Omnicom Group To Lay Off Roughly 3,500 Worldwide
This story was written by Tameka Kee.
Ad industry holding company Omnicom Group is prepping to lay off nearly 5 percent of its 70,000-person global workforce, per AdAge. The trade pub's unidentified sources would not confirm which divisions or agencies would be affected by the cutswhich could ultimately affect 3,500 workersbut it is expected that BBDO will take a large hit, given that it is Chrysler's agency of record (and the auto giant has been slashing its ad spend). The news comes on the heels of another AdAge report that PHD, a media agency under Omnicom's umbrella, is shutting its Atlanta office and laying off 30 staff. It is unclear whether PHD's cuts are part of the larger layoff plan. More to come.
By Tameka Kee