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Stung by cutbacks and failures among its emerging technology clients, Leo Burnett Technology Group laid off about 10 percent of its workforce last week, with most of the cuts coming in San Francisco and Boston.
“With the technology crash, a lot of the com panies in our portfolio have cut back spending or ceased to exist,” said Sean Bisceglia, CEO of the company, formerly known as TFA/Leo Burnett Technology Group.
The news comes as several large agency networks are cutting staff in the Bay Area, in part due to fallout from sagging dot-com and technology businesses.
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