Ogilvy has cut 80 staffers, which is about four percent of its workforce, following a “challenging second half of 2019 and a cautious outlook for year 2020,” according to a memo from CEO John Seifert.
 Leslie Sims |
Ogilvy is facing volatility throughout its client portfolio. “Despite important new business wins, we face client budget cuts and pricing pressures; ongoing shifts in the type and mix of work we do; and the dynamics of a project-based business model, which makes full-year forecasting and financial management very challenging,” Siefert wrote in the memo that was obtained by Advertising Age.
The WPP property is in the midst of a restructuring, which will result in “eliminating a whole layer of leadership roles” across the U.S., Siefert added.
As part of the reorganization, U.S. chief creative officer Leslie Sims is leaving the firm.
She spent 20 years at WPP’s Y&R and Interpublic’s McCann before taking the Oglivlly job in December 2018.
Business leaders will face challenges in the upcoming year, some of which will come as a complete surprise, or beyond anyone's imagination.
Teneo has hired Philipp Grontzki, who is a 20-year veteran of corporate communications and financial journalism, as a managing director in its strategy and communications group.
Rowan Benecke, who co-founded Zeno Group and helmed Burson-Marsteller's tech practice, has joined McKinsey & Co as director of communications for North America.
BCW has named Golin's Matt Coldagelli EVP and leader of its corporate affairs practice in Chicago.
Abby Bailey, who headed corporate communications for Fedex in its Middle East, India and Africa region, has joined Teneo as managing director in Dubai.
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