This post was originally published on this site
Acquisitions and job cuts appear to go hand in hand, and the Omicon layoffs are no different. The ad agency recently completed its acquisition of one of its biggest rivals, Interpublic Group (IPG). As a result, Omnicom is expected to cut approximately 4,000 jobs as part of its post-merger restructuring efforts to restore stability to its ranks. The question of whether an employee from Omnicom or IPG would be cut was on the minds of the combined workforces, but Omnicom CEO John Wren clarified to Axios that the “best person qualified for the particular job was going to be that
