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Grey Worldwide is cutting 15-18 staffers from its London office, or 8 percent of employees there, sources said. A Grey London rep confirmed that cuts are under way but declined to give a number. The layoffs at Grey, which is being acquired by WPP, come in the wake of its losses of Masterfoods’ Twix, Starburst and Cookies & ad business; it continues to do below-the-line work.
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