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Dentsu‘s organic revenue declined -2.4% in the first quarter of this year, while revenue at the global advertising holding company dropped -1.5%.
The business, which owns agencies such as Dentsu McGarry Bowen, Carat and Merkle, said revenue fell 1.5% to $2275.75 million (248,850 million Yen) from January to March, though operating profit increased 22.4% to $411.5 million (44,996 million Yen).
Last October it was announced that as part of a reorganization of Dentsu International, 12.5% of the workforce (around 6,000 jobs) would be cut.
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