Omnicom CEO John Wren Outlines Cost-Cutting Measures Including Furloughs and Layoffs

He cited the 'profound impact' of the coronavirus pandemic on business


In an internal email sent to employees of Omnicom agencies, CEO John Wren outlined a series of cost-saving measures the holding company is taking in response to the impact of the coronavirus pandemic. The memo, obtained by Adweek, indicated that these measures would include furloughs and layoffs across many Omnicom agencies.

Noting the “profound impact on the economy, on our clients’ businesses, and in turn, on ours,” Wren acknowledged that Omnicom was taking steps “to ensure the sustainability of our business and our ability to continue to provide our clients with outstanding service.”

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