www.adweek.com/agencies/ipg-plans-to-restructure-ahead-of-closing-deal-with-omnicom/
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Caption: "The buck stops...I don't know,I'm just the CEO, it's not like I have anything to do with the success or failure of the company"
That’s an insane amount of cost reductions. I bet they consolidate some agencies and make HR one big group and finance another one that sits over all the IPG agencies. I’m sure they’ll do the same thing OMC did with shared services like production.
And then they’ll do headcount reduction.
That’s just IPG. Omnicom has said they expect to find $750M is cost savings from the acquisition.