Publicis Groupe Reports Q1 Earnings, Outlines Cost-Saving Measures

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

publicis groupe ceo arthur sadoun
While organic growth was down 2.9% for Q1, in line with expectations, Sadoun positioned the results as a strong start to 2020 for Publicis Groupe. Getty Images

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

@ErikDOster Erik Oster is an agencies reporter for Adweek.