Omnicom To Cut Over 4,000 Jobs, Fold Legacy Ad Brands After IPG Takeover

Omnicom (OMC.N), opens new tab said on Monday it will lay off more than 4,000 employees and fold several well-known advertising agency brands after its $13 billion acquisition of rival Interpublic Group. The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants such as Meta (META.O), opens new tab make it easier for businesses to churn out ads at scale and speed.

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Omnicom To Cut Over 4,000 Jobs, Fold Legacy Ad Brands After IPG Takeover

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