Where did Omnicom find nearly 1 billion dollars for agency acquisitions ? Probably by cutting bonuses and offshoring jobs 🤔

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My office has about half of our creative team offshored.

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That’s a blessing we’ve not had much luck and it’s a not an option not to hire offshore

Omnicom’s yearly revenue is $14 billion+ with roughly 15% margins. Or about $2 billion in profit per year. I’m sure they have plenty of cash on hand to acquire companies.

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They sure do especially when they’re creating margins by cutting comp. 🙃

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Who did they acquire?

They have to compete with publicis. Use your money so you’re not a good candidate for hostile takeover and see if you can get the kind of return publicis does with epsilon.

As long as Wren gets his $20+ MM/ year. That’s all that matters.

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