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| Steven Gunby |
FTI Consulting CEO Steven Gunby has cut about 330 people from the firm’s 8,300-member payroll following a lackluster second-half performance at the company.
That four percent staff alignment resulted in an $8.2M special charge for Q4, and an estimated $17M charge for the current quarter.
The cutbacks began in October and continued into the new year.
FTI posted a 3.2 percent decline in Q4 revenues to $894.9M, largely due to a fall-off in the corporate financial & restructuring and technology segments. Net income plummeted 39 percent to $49.7M.
Despite continued headwinds in 2025, Gunby remains “confident in the powerful multiyear growth trajectory that we are on.”
The firm says there are no future planned job reductions, and that it will continue to invest in high-demand areas, such as crisis, cybersecurity, financial communications, M&A and activism.
On the strategic communications front, FTI posted flat Q4 revenues of $86.6M and a 15 percent drop in operating income to $12.5M.
The unit reported a lower demand for corporate reputation services but an upswing in its financial communications offerings.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
