WPP Slashes Jobs as Revenue Continues to Fall

WPP cuts 1,200 jobs in turnaround drive

Advertising giant’s shares soar 30pc as investors welcome efforts to revive fortunes

Major advertising firm slashes over 1,200 roles in latest blow to UK job market

ADVERTISING giant WPP has axed more than 1,200 jobs in the first half of this year as bosses battle to turn around the firm's fortunes amid the...

WPP axes jobs in cost-cutting efforts to drive profit recovery

The London-based company said the reduction, which affected 1.3% of its workforce, left it with 97,388 staff at the end of June.

WPP slashes jobs as revenue continues to fall

Embattled advertiser WPP slashed jobs in the first half of the year as its revenue continued to fall. The London-listed media group cut another 1,267 employees in the first half, around 1.3 per cent of its total staffing. Across the 12 months to June, WPP has now slashed its total workforce by 6.4 per cent to 104,083 employees. This helped cut total staff costs by £216m in the first half to £3.7bn, but an extra £51m was earmarked for restructuri…

WPP Profit Beats Analysts’ Estimates on Cost-Cutting Efforts

WPP Plc reported first-half profits that beat analysts’ estimates, driven by the advertising agency’s cost-cutting efforts in a sluggish market.