Ad Industry Predicts Horrible 2009 Layoffs
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NY Post:
After trimming jobs throughout the year, Madison Avenue is bracing for even bigger layoffs in 2009.
Ad executives and recruiters expect agencies, which have been cutting in dribs and drabs, to hand out a flurry of pink slips early next year as the ad downturn worsens.
The talk in industry circles is that the major agency holding companies - Interpublic, Omnicom and WPP - are planning deeper cuts to ring in the New Year.
First Posted: 12- 8-08 11:00 AM | Updated: 01- 8-09 05:12 AM