JCPenney, the retail chain that can’t seem to make up its mind about which agency it wants to work with, has, as you probably know, assembled a cavalcade of shops including Doner, Victors & Spoils and EVB, who succeed Y&R following a rather brief stint. Anyhow, layoffs have ensued at Y&R, which sent us this statement:
“Due to our recent parting of ways with J.C. Penney, and in order to best structure ourselves for growth in the new year, we are reducing staff in our New York office by 15 people. Although we are sad to see some of our people go, we are confident about the overall growth of our North American network, and plan to add jobs in our Chicago, San Francisco and Toronto offices in the coming months.”
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Y&R took over on JCPenney creative duties this past April.