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

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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.

“Our second quarter was slightly better than we had expected, and significantly better than some of the worst-case scenarios that we had looked at back in March,” Read said during WPP’s quarterly earnings call today.

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