WPP Plans £500 Million Cost Cuts and Restructure
Advertising giant WPP announced plans for a sweeping restructure aimed at cutting £500 million in costs, which is expected to lead to job reductions by targeting duplicated roles.
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WPP's new CEO is shaking up the ad giant's business model. Here are 3 key takeaways on what her overhaul means for staff.
Cindy Rose, the CEO of WPP. WPP/Jillian Edelstein WPP's new CEO, Cindy Rose, has set out her turnaround plan for the ailing ad giant. She's simplifying WPP's structure and targeting about $676 million in cost savings. Here's what her transformation strategy means for WPP's 98,000 staffers WPP is entering a new era. The British ad giant's new CEO, Cindy Rose, on Thursday unveiled a sweeping turnaround plan as the company grapples with cost-cutting clients, intensifying competition, and AI d...
Read full article →Advertising giant WPP plans to cut £500m in costs under sweeping restructure
It is understood the changes are expected to result in a reduction of jobs, with the firm targeting duplicated roles.
By Anna Wise
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