The media holding group promoted Megan Pagliuca to chief activation officer to lead the charge
Annual reports show extent of jobs cull
Private equity has been looking at agency groups
The holding company turns in performance significantly worse than that of Publicis Groupe, as operating profit plummets 89% to $62.5 million.
Agreement may last only six months but Omnicom agencies stand to gain from priority access to data and insights.
About 3,000 executives took pay reductions of up to 20% for three months.
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