General

Omnicom Remains Optimistic Amid Third Quarter Revenue Decline

The holding company reported an increase in organic growth

omnicom-group-grange-CONTENT-2018 — Omnicom also announced it had reduced staff by around 1,400, of which 500 will be replaced, which Wren characterized as a restructuring to keep pace with the industry.Omnicom

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CEO John Wren took an optimistic tone in Omnciom’s third quarter earnings report call, despite the holding company reporting a slight decline in revenue compared to the third quarter of 2017.

“I remain cautiously optimistic, especially as we go into 2019,” Wren said in response to a question about the holding company’s future, recycling a phrase he used to characterize his outlook for the holding company when it failed to meet revenue goals during the second quarter.