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Cordiant Revenues Slip, Layoffs Planned

NEW YORK—Cordiant Communications Group said last week that revenues for 2001 will dip 9 percent, revising its September estimate of 5 percent. As a result, the London-based parent of Bates, 141 Worldwide and Fitch, among other agencies, said it plans to reduce its global workforce of 10,000 by 1,100, or 11 percent. The com pany also plans to merge or consolidate some operating units and close or reorganize others. Additionally, its interactive shop, CCG.XM,

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