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The Week: Advertising news - Networks plan to axe jobs.(Brief article)

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| January 09, 2009 | COPYRIGHT 2009 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Interpublic Group and Omnicom are gearing up to make significant cuts in personnel, according to reports.

IPG is considering targeted job cuts of as many as 2,000 positions, according to Reuters, while Omnicom is reportedly planning to axe 3,500 jobs, nearly 5 per cent of its global staff. WPP, meanwhile, has denied a report in The Observer this week that it is planning ...

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