Companies

Omnicom Plans 4,000 Layoffs as Merger Creates Largest Ad Agency

It also plans a major restructuring, closing several of its well-known ad agencies.
0
Omnicom Plans 4,000 Layoffs as Merger Creates Largest Ad Agency
Omnicom Group and Interpublic Group logos, in this illustration taken on Dec. 9, 2024. Dado Ruvic/Illustration/Reuters
Mary Prenon
Mary Prenon
Freelance Reporter
|Updated:
0:00
Omnicom Group Inc., a global media, marketing, and communications holding company, announced on Dec. 1 its new strategic plans and executive leadership following the finalization of its acquisition of Interpublic Group of Companies Inc.

However, the $13 billion deal comes with a cost of 4,000 staff reductions and a reshuffling of legacy advertising agencies within its total portfolio.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.