Browse > Home / Advertising Agency News / WPP group plc London - New Round of Major Layoffs

WPP group plc London - New Round of Major Layoffs

February 14, 2009

We have it on good notice that WPP Group plc London will be having some severe layoffs, big time. We do not have a figure yet, but so far the figures have stated “hundreds”. We have had 3 confirmations (all unsolicited) that layoffs are in the works and in some instances they have already started on Friday… but the bulk of these will take place next week. We have been unable to verify the exact number of firings on Saturday when this report is being written.

In the words of one of the tipsters “London is in a turmoil”.

The problem is we were told that management has been planning these layoffs for roughly 6 weeks now, and from what we heard “the condition has considerably gotten worse since when planning was initiated, meaning these layoffs are not going to be the last one.. not by a long shot”

This is bad people, really bad. This recession is 2 inches away from being a full blown depression, and that is already being debated.

foreclosed_farm_great_depression

Written by TheFounder · Filed Under Advertising Agency News 


Comments

  • art blizzard

    let’s lay off Martin since he’s the one that has WPP in such a mess.

  • art blizzard

    let’s lay off Martin since he’s the one that has WPP in such a mess.

  • http://www.tribbleagency.com/?p=4348 Enfatico : We’re hurting like everyone else | Tribble Ad Agency : The Advertising Agency of Record

    [...] See here’s the problem, the entire concept of a “one client” ad agency such as Enfatico is the definition of duplication. Do you really need to pay another CEO when there are dozens in WPP’s network? Do you need a new media buying department when WPP group plc has dozens throughout their network? Do you need to rent out additional office space on 10 year leases when every other desk is empty across the network of WPP’s shops after mass layoffs? [...]

  • http://www.tribbleagency.com/?p=4467 Morgan Stanley : WPP Group plc is screwed | Tribble Ad Agency : The Advertising Agency of Record

    [...] are firing people right and left now and refusing to go into higher ROI assets that could be key to landing new [...]

blog comments powered by Disqus