Dentsu International revealedin a Tokyo Stock Exchange filing on Monday that it will workto eliminate 12.5% of its46,560-person workforce, totaling aloss of about 6,000 roles, as part of its ongoing restructuring to reduceits agency brands from 160 to just six. The Financial Times first reported the job cuts.
A Dentsu spokespersonattributed the staff cuts as well as its larger restructuring to the negative impactbrought on by the pandemic. The holding companysaid its640 million ($855 million) restructuring will involve reducing redundancies across its international businessthe groupformerly known as Dentsu Aegis Network composedof agencies like 360i and Carat, whichis owned by Japanese parentDentsu Group.
“In our [first half]2020 financ…
Read the full article at: https://adage.com/article/agency-news/dentsu-cut-6000-jobs-part-restructuring/2299176