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More layoffs are expected this week at Havas’ Euro RSCG Tatham Partners, with senior executives expected to be among those let go from the struggling agency, sources said.
The Chicago shop is down to an estimated $240 million, with the $100 million Red Lobster account in review. The layoffs this week are expected to at least match the 10 percent that were let go in January, which left the ad agency with about 85 employees, sources said.
Euro RSCG Worldwide CEO Jim Heekin met with Tatham executives in mid-February and assured them of the company’s commitment to keeping an advertising practice in Chicago.
That has become an iffy proposition as the shop has continued to bleed clients.
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