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Ogilvy & Mather is slashing staffing in its Los Angeles office due to dramatic spending reductions from a couple of its largest clients.
Effective Feb. 3, the agency is cutting 33 positions across all agency operations, with 15 permanent staffers remaining.
In an internal email, O&M North American chairman John Seifert said the resulting multi-million dollar operating loss, from client spending cuts, was not sustainable under the current operating structure. After the staff reductions, the agency will support clients with remaining staff and other resources from other O&M units, as needed.