Publicis’ digital ad agency Digitas announced a staff restructuring today, including some layoffs.
We’ve heard — and are waiting to confirm — that the company is cutting 70 jobs in the U.S., including 25 in New York. If that’s true, it’s not a big cut: Digitas has at least 500 employees in its New York office, we’re told. (A second source says staff cuts around 2%.)
We understand the cuts are a result of lower revenue from key Digitas clients, including American Express (AXP) and General Motors (GM). Not surprising.