Publicis Groupe Reports Q1 Earnings, Outlines Cost-Saving Measures

Holding company is considering additional steps, including furloughs and salary reductions


Publicis Groupe acknowledged a series of cost-cutting measures in its Q1 performance today, announced ahead of its previously scheduled date of April 23.

“We are implementing a 500 million euro cost-reduction plan with full impact in 2020, to adapt and be recovery ready. We are asking our shareholders for solidarity with our company and our people by cutting dividends by 50% and exceptionally delaying payment until the end of September,” Publicis Groupe CEO Arthur Sadoun said in a statement.

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