Omnicom to cut 4,000 jobs, shut several agencies after IPG takeover, FT reports [Yahoo! Finance Canada]
Omnicom Group Inc. (OMC)
Last omnicom group inc. earnings: 4/28 06:25 am
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Source: Yahoo! Finance Canada
Creative agency ?DDB, founded in 1949, and creative marketing agency MullenLowe ?will be integrated into Omnicom's TBWA, according to the report. The company did not immediately ?respond to a Reuters request for comment. FCB,? one of the largest global ad agency networks owned by IPG with roots dating back to 1873, will be absorbed into Omnicom's BBDO, the ?report said. Omnicom boss John ?Wren said more than ?4,000 jobs would be cut as part of the IPG integration,? mainly ?in administrative roles but some leadership positions too, the Financial Times reported. Reuters ?could not independently verify the report. (Reporting ?by Jaspreet Singh in Bengaluru; ?Editing by Shinjini Ganguli)
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OMC
News
- Omnicom Group (NYSE:OMC) had its price target raised by analysts at UBS Group AG from $99.00 to $108.00. They now have a "buy" rating on the stock.MarketBeat
- Omnicom outlines new agency structure as IPG deal sharpens AI, data focus [Yahoo! Finance]Yahoo! Finance
- Omnicom's CEO breaks down his plan to beat rivals in AI after the ad giant's blockbuster $9 billion IPG deal [Yahoo! Finance]Yahoo! Finance
- Omnicom's CEO breaks down his plan to beat rivals in AI after the ad giant's blockbuster $9 billion IPG deal [Business Insider]Business Insider
- Omnicom to cut 4,000 jobs, shut several agencies after IPG takeover, FT reports [Yahoo! Finance]Yahoo! Finance
OMC
Earnings
- 10/21/25 - Beat
OMC
Sec Filings
- 12/5/25 - Form SCHEDULE
- 12/3/25 - Form S-4
- 12/2/25 - Form 8-K
- OMC's page on the SEC website