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IPG CEO Michael Roth sent a memo to all IPG agencies Friday addressing cost-cutting measures taken across the holding company. While trimming in most areas of the business proved to be helpful, Roth noted that some of IPG’s agencies need to implement staff reductions.
Roth didn’t specify which agencies have been or will be affected by layoffs or furloughs, instead stating that agencies across its markets have been impacted to various degrees and implying that individual agency leaders would need to make decisions about what steps would be necessary including furloughs and layoffs.
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