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McCann Erickson's new business dry spell is taking a toll.
Today, the Interpublic Group shop is expected to lay off a significant number of employees at its New York headquarters. Sources described the cut as "massive" and "sizeable." Another source, however, pegged the reduction at about 4 percent. The office employs between 450 and 500 staffers.
"As part of McCann’s reinvention, the agency has had to make some very difficult decisions," a McCann representative said, in a statement.
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