Thomas Moore
May 20, 2020

Hill + Knowlton Strategies cuts staff in response to COVID-19

Fewer than 5% of global employees have been affected.

Hill+Knowlton global chairman and CEO AnnaMaria DeSalva
Hill+Knowlton global chairman and CEO AnnaMaria DeSalva

Hill+Knowlton Strategies has taken measures to reduce staff in response to the coronavirus pandemic. 

The cuts affect less than 5% of staffers globally, according to a spokesperson for the firm. The WPP agency is also reducing other operational costs.

Hill+Knowlton had 2,250 employees globally last year, according to the PRWeek Agency Business Report 2020.

“We can confirm we have taken actions to reduce operational and staff costs within the business,” the agency said in an emailed statement. “In these challenging times, H+K will continue to prioritize the health of our colleagues, providing exceptional service to our clients and the financial health of our business.”

The agency declined to provide additional specifics about the types of reductions implemented.

WPP reported a 1.4% Q1 like-for-like revenue decline in its PR division, which includes H+K, BCW, Finsbury and Buchanan. For the entire holding company, Q1 like-for-like revenue, which excludes pass-through costs, fell 3.3%.

The holding company also said at the end of March that it had introduced a wide range of cost-cutting and cash-saving measures, such as freezing hires, reviewing freelance spending and postponing planned salary increases for 2020. More than 3,000 people with salaries above a certain threshold also committed to giving up 10% to 20% of their salary for an initial three-month period, the holding company said at the time.

Last year, H+K’s revenue dropped 9% to $366 million, according to PRWeek’s Agency Business Report, as SJR spun off into a standalone content shop within WPP.

Source:
PRWeek

Related Articles

Just Published

4 hours ago

Visa names new APAC head of marketing

Danielle Jin will take over the position left open by the promotion of Frederique Covington Corbett to a global role.

7 hours ago

Initiative's Amy Armstrong elevated to global CEO, ...

Baxter will serve as chair of Initiative before taking up a new leadership role at IPG focused on "transforming and elevating" other areas of the group's portfolio.

7 hours ago

Indian agencies take 'no concrete steps' on mental ...

Exclusive Campaign India survey reveals that 71% of industry workers say their company has taken no steps to reduce stress, while 69% report no access to mental health services.

8 hours ago

Amazon Prime Video apologises, edits 'objectionable'...

The company's move follows protests against the content of the video series Tandav, which drew complaints against its makers and cast in Madhya Pradesh and Maharashtra in January.