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Ogilvy Cuts Staff in NY

We’ve received word from an agency spokesperson that confirms what tipsters and others alike have been saying since late last week, that Ogilvy did indeed cut staff in New York. From what we’ve been told, four percent of staff across departments were affected at the agency’s HQ, though how that translates into actual numbers was not revealed. Those familiar with the matter offer three reasons for the staff reductions: 1) changes in the advertising industry 2) client spending outlook for 2013 and 3) O&M’s ongoing “agenda to align talent based on client needs.” If and when we get more info on the matter, we’ll keep you posted.

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