WPP Confirms More Cost-Cutting Measures as a Result of Covid-19 Impact

Q1 earnings report outlines next steps, including layoffs

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WPP CEO Mark Read said the company will "see what's appropriate" at the end of Q2 as far as taking more cost-cutting measures. WPP

WPP announced its Q1 earnings today and, as expected, Covid-19 contributed to a revenue decline for the first three months of the year.

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@ErikDOster erik.oster@adweek.com Erik Oster is an agencies reporter for Adweek.