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Publicis Groupe CFO Jean-Michel Etienne told investors and analysts yesterday that the Paris-based agency holding company reduced its workforce by 6.5 percent (or 2,900 people) from last December, and that the company’s ongoing hiring freeze would remain in place at least until the middle of 2010.
Etienne made his remarks at the UBS Media Conference in New York.
“We will keep it in place at least for the first half of 2010,” Etienne said of the hiring freeze.
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