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BOSTON Arnold has cut about 3 percent of its Boston headquarters staff, roughly 25-30 employees across all departments, sources said.
An Arnold representative declined comment.
The layoffs, per sources, stemmed from the agency’s sluggish new-business performance in the first half of 2006 as it struggles to regain momentum after parting with Volkswagen.
Worth approximately $400 million in billings, VW was Arnold’s largest account. It moved to MDC Partners’ Crispin Porter + Bogusky in Miami last December without a review.
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