London: WPP orders hiring freeze amid client spending cuts

WPP has reacted to the deepening financial crisis by ordering a freeze on all hirings until further notice.In an e-mail to senior staff and seen by Campaign, the group, whose agency empire includes JWT, Ogilvy & Mather, Young & Rubicam and Grey, cites clients' decisions to hold back on marketing spend as the reason for its action.The group, which is led by chief executive Sir Martin Sorrell, has ordered that any job offers made but not accepted must be withdrawn immediately.

by Campaign India Team