Business
Omnicom results reveal it cut over 6,000 staff in Q2 as profit tumbled almost 90% – Mumbrella
The holding group of agencies including DDB, TBWA, OMD and PHD has revealed its operating profit has tumbled 89.1% for the second quarter of 2020, while net profit is down 106.5%.Omnicom’s financial results also revealed the group had cut over 6,000 staff in …
The holding group of agencies including DDB, TBWA, OMD and PHD has revealed its operating profit has tumbled 89.1% for the second quarter of 2020, while net profit is down 106.5%.
Omnicoms financial results also revealed the group had cut over 6,000 staff in the three months to 30 June, 2020.
The group said it expected this to be a low-point in its economic performance, however anticipated there is still more pain to come.
Omnicom has been hit by the economic downturn
We expect that the neg…
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