We Hear: Chiat LA Lays Off 40

We’ve been fielding tips all week regarding rumors that Chiat LA will be laying off staff. We’re now getting word that the layoffs have begun &#151 so far, 40 have been let go, we’re told. You heard it here first.

It is possible that Tequila has been dismantled as well. Fill us in by e-mailing matt at mediabistro dot com.

More: “More Layoffs at Detroit BBDO, Organic, PHD”

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