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

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.