Dentsu One, Dentsu Impact and Dentsu Top to retain their brands
A number of holding companies say they will not enter the awards, while others have yet to decide.
The holding company also suspends share buybacks, its dividend and financial guidance.
Global recession fears over the COVID-19 pandemic continue to crush markets worldwide as Dentsu and Hakuhodo shares continue to fall in Tokyo trading on Friday.
Australia, China and Singapore are among markets facing an 11% cut in headcount in response to challenging markets. Dentsu shares traded down 5% today.
After defending its full media mandate in India, OMD has now added Bangladesh to its remit.
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