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Modem Media is closing its New York office and is downsizing its global workforce of 616 by seven percent. The Manhattan office’s remaining staffers, as well as clients Delta Airlines and Enterprise Rent-A-Car, will be consolidated at the Norwalk, Conn. headquarters.
“We are taking the necessary steps to adjust the structure and mix of our internal operations in light of the dramatic economic slowdown,” said Marc Particelli, Modem Media CEO, in a statement. “For the balance of this year, we will take the necessary actions to ensure that we maintain our financial health.”
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