Sources familiar with the matter confirm that Euro RSCG’s New York office had to let some people go this week. We’ve been told that the cuts affect “less than five percent of the workforce” and were made “across disciplines” at the agency, including units such as digital and health & wellness. Creatives-wise, sources say “fewer than [you] count on one hand” were shown the door.
According to our sources, the residual effects of losing Jaguar and Heineken earlier this year played a role in the layoffs as did Euro’s current need to make the agency more “efficient” when it comes to its shared services. From what we’re hearing through the grapevine, Euro RSCG is still remaining optimistic about its chances of retaining a piece of the Exxon Mobil creative account, which went into review earlier this year.
Update: We’ve also received word from our sources that Euro RSCG NY’s co-CEO Pete Zillig, who left London for New York earlier this year to assume his post, is staying within the Euro network but is heading back to the U.K to assume a “new global role.” Over the course of the next month, we’ve been told that his partner-in-crime Jeff Brooks will assume sole executive leadership at the New York office.