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Grey NY Cuts Some Staff

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No memos this time around, but while sources tell us that Grey New York is still the agency partner of Radio Shack, the latter has had some financial woes that have now cost the former 45-100 staffers in its Big Apple hub. We’ve been told this equates to approximately four percent of the agency office. According to those in the know, there was an all-staff meeting earlier this afternoon letting Grey crew know the situation. Sources add that no one will be laid off until January but the agency just wanted to inform its staff (we hear 1,100 strong and counting) and tell them it’s working to place those affected across WPP. On a positive note, we hear that Grey NY has added 350 staffers this year (a few of which we’ve covered as you know) and is continuing to add to its digital team. Grey picked up the Radio Shack biz in spring 2012 following a six-month review. The electronics retailer previously worked with Sausalito, CA-based BSS&P.

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