WPP 'to lay off thousands'
Published Date:
05 January 2009
WPP, the world's second-largest advertising agency, is reportedly preparing to lay off thousands of staff as the economic downturn hits demand in its established markets.
According to unnamed sources, the company is preparing to axe several thousand staff, mainly in western Europe and in North America, where the slump in demand has been severe.
Meanwhile, WPP plans to continue to expand elsewhere, with recruitment in South America, eastern Europe and Asia.
The full article contains 77 words and appears in The Scotsman newspaper.
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Last Updated:
04 January 2009 8:18 PM
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Source:
The Scotsman
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Location:
Edinburgh
