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ATLANTA–Arnold has laid off 16 employees, about 14 percent of its staff of 116. Ken Umansky, president of the McLean, Va., shop confirmed the firings, which are effective immediately.
“We put it off as long as we could,” he said.
Umansky said the decision was caused in large part by the shop’s loss of Championship Auto Racing Teams, an account estimated at $10-15 million, and a decrease in spending among other clients.
CART, which selected Arnold over Wieden + Kennedy in Portland, Ore.,
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