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NEW YORK–Lowe Lintas & Partners plans to further trim its staff this month to compensate for continued decreases in client spending and a lack of new business opportunities, said U.S. CEO Paul Hammersley.
The agency this week notified staffers of the need for further cuts and offered more generous severance packages to those who opt to leave on their own. The offer of “voluntary layoffs” came in an agency-wide memo on Tuesday.
Hammersley declined to say how many jobs needed to be cut, but did say that those who opt to leave must respond before the end of the month.
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