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NEW YORK The Ogilvy Group today cut about 10 percent of its staff across multiple units in response to client spending reductions that exceed the WPP Group shop’s new business growth, sources said.
The cut affected the North American offices of Ogilvy & Mather, OgilvyOne and Ogilvy Interactive, according to sources. Some sources estimated the number of layoffs at 300, but others said it was about half that, or roughly 10 percent of the total headcount at those offices, which now stands at roughly 1,500.
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