We Hear: The Ogilvy Layoffs Have Begun

Madscammin’ George Parker reported on his blog this morning that Ogilvy will be performing layoffs, starting today. A source close to the matter informed AgencySpy minutes ago that a few bodies have hit the floor already, indicating that Parker’s report may be spot on.

So far only a few have gone and we’re waiting to hear more as the day goes on. Whether this will turn out to be the large scale cutback that’s been predicted is yet to be seen. So much for that recession plan.

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