WPP CEO Mark Read Says Company’s 15% Organic Revenue Drop in Q2 ‘Better Than Expected’

Global workforce has fallen by 5,000 year over year due to cuts and hiring freeze

Mark Read headshot
WPP CEO Mark Read said the holding company had a 'productive six months in a challenging environment' during its quarterly earnings call. WPP

WPP’s organic revenue fell 15% in the second quarter of this year in large part due to the economic impact of Covid-19, but CEO Mark Read said the holding company has fared better than he initially predicted when the pandemic first took hold.

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@Minda_Smiley minda.smiley@adweek.com Minda Smiley is an agencies reporter at Adweek.