Digitas Restructures, Lays Off Several Dozen
Layoffs cap a tough week for digital marketing and media companies.
Layoffs cap a tough week for digital marketing and media companies.
Digitas laid off several dozen staff in the United States as part of a restructuring of its offices in the United States.
“In response to changing client needs, we have taken the difficult step of restructuring staffing levels at some of our U.S. offices,” the agency said in a statement. “We have redeployed talent wherever possible, but the realities of the current economy did require that we let some talented people go in order to best position the agency for continued growth and success.”
The Publicis-owned agency declined to say how many people would be let go, or in what offices. Late yesterday Silicon Alley Insider pegged the number at 70, including 25 in New York. A reliable source told ClickZ those numbers are close but slightly higher than the actual figure, and confirmed the New York office is affected.
Layoffs at Publicis-owned Digitas follow a tough week for digital marketing and media job losses in general, as Yahoo commenced its headcount reduction of approximately 1,500, about 10 percent of its global staff. Vendor and ad network layoffs have been reported at Eyeblaster, Exponential, and Pointroll.
Agency layoffs are prevalent, although less widely reported. Razorfish, Modernista, and Curiosity Group are among those that cut back on staff in recent weeks.
More about:
Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...
View resourceThe Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to succ...
View resourceMaking forecasts and predictions in such a rapidly changing marketing ecosystem is a challenge. Yet, as concerns grow around a looming recession and b...
View resourceEight fresh launches this week — spanning viral food mash-ups, brand reinventions, and nostalgia-fueled creative. Read More...
View articleA J.Crew storefront sign in New York City. From Ivy League Catalogs to Chapter 11 A Preppy Phenomenon Is Born J.Crew launche...
View articleAs healthcare apparel evolves beyond basic uniforms to premium lifestyle products, FIGS leads with purpose-driven branding and global ambitions—but me...
View articleRetailers are building media empires, creators are becoming sales channels, and brands that connect the two are redefining how products get discovered...
View articleA Holistic Approach to Measuring DTC Success Beyond Amazon Read More...
View articleAdobe’s 2024 results showcase the power of subscriptions, but the model’s challenges are prompting businesses to rethink how they deliver value and re...
View articleEven retail giant Amazon needs a little Hollywood magic during the holiday season. Read More...
View articleCannes Lions, where the advertising world's most daring minds gather to redefine the rules of engagement. This year, a new creative order has emerged,...
View article
Leave a Reply
You must be logged in to post a comment.