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NEW YORK Publicis Groupe’s Saatchi & Saatchi has eliminated about 15 jobs at its 500-person New York headquarters, sources said.
The 3 percent staff cut was achieved via layoffs and closing out vacant jobs, said sources.
The move is designed to bring costs in line with revenue and Saatchi plans to use some of savings to reinvest in new service offerings, according to sources.
The agency declined comment.
This was the second Saatchi staff cut in five months.
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