WPP is to cut 3,500 jobs worldwide and shut or merge almost 200 offices as the embattled advertising group seeks to restructure after a torrid year that included the exit of its founder and chief executive, Sir Martin Sorrell.
The restructuring, which will be revealed in full at a lengthy analyst and investor presentation on Tuesday, will include shutting 80 offices globally and combining operations of a further 100 in locations where business is slow.
The company is to cut 3,500 of its 134,000 global workforce but would not say how many roles or offices would be affected in the UK. It has 400 ad businesses in more than 3,000 offices in 112 countries.
WPP said it would hire 1,000 creative staff as part of a refocus on the groups roots,…
Read the full article at: https://www.theguardian.com/business/2018/dec/11/wpp-advertising-cut-jobs-in-restructuring-martin-sorrell