NEW YORK The Ogilvy Group today cut about 10 percent of its staff across multiple units in response to client spending reductions that exceed the WPP Group shop’s new business growth, sources said.
The cut affected the North American offices of units such as Ogilvy & Mather, OgilvyOne, Ogilvy Interactive and OgilvyAction, according to sources. Some sources estimated the number of layoffs at 300, but others said it was about half that, or roughly 10 percent of the total headcount at those offices.
An Ogilvy representative declined to comment.
http://www.adweek.com/aw/content_display/news/agency/e3i7b57851228481ca5de226784bb9c18d0
January 7th, 2009 - 2:32 pm
o’s new building cant hold all the current staff
jk
January 7th, 2009 - 2:39 pm
“The pain of layoffs notwithstanding,” says Mr. Cannell, “the design world could stand to come down a notch or two — and might actually find a new sense of relevance in the process. That was the case during the Great Depression, when an early wave of modernism flourished in the United States, partly because it efficiently addressed the middle-class need for a pared-down life without servants and other Victorian trappings.”
http://www.nytimes.com/2009/01/04/weekinreview/04cannell.html?_r=2