Y&R Cuts N.Y. Staff by 6 Percent

NEW YORK Young & Rubicam last week trimmed about 40 jobs from its New York staff of about 700, sources said.

The 6 percent cut, accomplished through layoffs and attitrition, occurred during the past week and affected nearly all departments, said sources. The agency is cutting costs to compensate for a lack of revenue growth, according to sources. A Y&R representative declined to comment.