Interpublic Group CEO Michael Roth : Heads are gonna roll
December 5, 2007
Interpublic Group has 43,000 employees worldwide, who account for about 62 percent of the company’s total costs. The goal is to reduce that figure to less than 60 percent of total costs. In follow-up questioning, Roth insisted IPG was not necessarily considering layoffs to reach that percentage, but instead was looking at being more efficient. A key focus will be on the head count of “non-revenue supporting roles.”
Wait:
Roth insisted IPG was not necessarily considering layoffs
Then:
A key focus will be on the head count of “non-revenue supporting roles
Let’s get this right, We are not going to lay people off… instead we are going to lay people off.
I love Advertising Agencies. They are just so honest.
Hat-Tip to Agency Spy
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No layoffs, these are christmas bonuses of more free time to certain nonessential employees. It seems clear to me…