IPG Mediabrands Implements Furloughs and Layoffs Across Agencies

Less than 5% of its employees were let go

Experience ADWEEK House at Cannes, June 16-19. We’re celebrating 45 years of reporting with Now and Next—a creative opportunity for brands to define who they are and their future in the industry. Register .

IPG Mediabrands went through a series of cost-cutting measures today, including furloughs and layoffs, across all of its agencies due to the impact of the coronavirus pandemic.

“As the current health crisis continues to impact our clients, we have had to make decisions to adjust to the new economic realities,” an IPG representative said in a statement. “In alignment with IPG, we are instituting a range of actions to reduce expenses, including deferring all increases, taking salary cuts, furloughs and, as a last resort and only if unavoidable, making some reductions in staff.”

Less

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in