We Hear: Chiat LA Lays Off 40

By Matt Van Hoven 

We’ve been fielding tips all week regarding rumors that Chiat LA will be laying off staff. We’re now getting word that the layoffs have begun &#151 so far, 40 have been let go, we’re told. You heard it here first.

It is possible that Tequila has been dismantled as well. Fill us in by e-mailing matt at mediabistro dot com.

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