WPP Implements Hiring Freeze, Cuts Awards and Postpones Salary Bumps Due to COVID-19

Holding company predicts cost-cutting measures will save it nearly $1 billion


WPP has implemented a number of cost-cutting measures in light of the spread of COVID-19.

The holding company said it is freezing new hires, reviewing freelance spend and stopping “discretionary” costs, which include travel, hotels and awards show payments. WPP is also postponing planned salary increases for 2020.

Members of WPP’s executive committee, as well as its board, have committed to taking a 20% reduction in their salaries or fees for an initial period of three months.

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