Omnicom maintains prediction of significant cuts next year is “speculation and inaccurate”.
restructuring
Analysts expect Omnicom’s jobs restructuring to last into 2026
GroupM tells staff about redundancies as restructure hits UK
Employees being informed this week about roles at risk of redundancy.
GroupM axes global agency CEO roles in major centralisation push
EssenceMediacom, Mindshare and Wavemaker brands will still operate globally and local market CEOs will retain their roles.
UM cuts jobs in Australia, veteran Andrew Murray steps down
UM secures Chery's media mandate in Australia amid restructuring in its Sydney and Melbourne offices, including the departure of its national head of trading.
Dentsu UK and Ireland to cut 2% of jobs
Campaign understands that the restructuring is not motivated by cost-cutting but is designed to enable Dentsu to hire in the right areas for future growth.
Google layoffs escalate as automation replaces some roles
Tech giant has slashed hundreds of roles within its ad sales division after throwing more weight behind AI-powered ad products.
M&C Saatchi sells stakes in loss-making units in Hong Kong and Sweden back to local owners
The agency continues its strategic restructuring in Asia as well as globally, anticipating a 'small single-digit' revenue dip for H2 in soon-to-be-announced earnings.
OMD UK expands leadership team following OMG shake-up
Three appointments at OMD UK follow the promotion of Vicky Fox and Christian Byron to OMG roles.
Grey Group restructures global creative leadership team
EXCLUSIVE: The moves are part of a strategy to strengthen creative across all regions.
Alibaba to split into six units, each to pursue independent IPOs
The shake-up comes a day after founder Jack Ma made a rare public appearance in China.
Advertisers brace for turbulence at Snap, but welcome clearer focus
As the tech company goes through a mass restructuring the advertising industry expects short-term pain—but remains hopeful about Snap’s long-term outlook.
Dentsu slashes profit forecast, cuts international jobs as woes deepen
Australia, China and Singapore are among markets facing an 11% cut in headcount in response to challenging markets. Dentsu shares traded down 5% today.
WPP's Read: We're focusing on collaboration, rather than 'collapsing' brands
"I don’t think WPP needs to be smaller. We need to be simpler to navigate [for clients]," Read tells Campaign.
'Burn the whole industry to the ground'
A former ad man suggests how to torch and then rebuild the ad agency model.
Zecha steps down from TBWA-ISC Malaysia
KUALA LUMPUR - With the retirement of TBWA-ISC Malaysia chairman Austen Zecha, one source says the agency will move toward a fully-owned model. TBWA has however categorically denied that a full acquisition is on the cards.
TNS announces restructure with regional HQ headed by Chris Riquier
ASIA-PACIFIC - Global custom research company TNS has announced its latest restructuring with the formation of new TNS operations in Asia-Pacific (APAC). Singapore becomes the APAC regional headquarters, headed up by CEO Chris Riquier, effective 1 January 2011.
Text 100 restructures China operations
SHANGHAI - Text 100 has promoted managing consultant of Text 100 Shanghai TT Yang (pictured) to the role of managing director for China, charged with overseeing Text 100's Beijing and Shanghai offices as part of a wider management restructure that sees the agency create a central leadership role for the market.
Yahoo restructures leadership; Ken Mandel takes on APAC role
ASIA-PACIFIC - Yahoo has announced staff changes to strengthen its Asia-Pacific leadership team.
UPDATE: Yahoo globally restructures zoning and consolidates regions
GLOBAL - Yahoo is to globally re-organise its regional structure, consolidating its zones into three areas - the Americas, EMEA and Asia-Pacific - and integrating its emerging markets unit into these three divisions.
Appointing agency heads: Is cultural awareness taking precedence over an outside perspective?
Recent reshuffling in the Asian media landscape has seen Western bosses sidelined.