Omnicom cutting jobs as coronavirus hits ad spending by clients [Reuters]
Omnicom Group Inc. (OMC)
Last omnicom group inc. earnings: 4/28 06:25 am
Check Earnings Report
US:NYSE Investor Relations:
investor.omnicomgroup.com
Company Research
Source: Reuters
Omnicom cutting jobs as coronavirus hits ad spending by clients April 28 (Reuters) - Advertising firm Omnicom Group Inc said on Tuesday it was cutting jobs and furloughing employees as the coronavirus lockdowns dent ad spending by clients. Omnicom, which counts McDonald’s, Johnson & Johnson and Volkswagen as clients, said that stay-at-home orders and store closures led to the decline and added it expects the trend to continue for the year. Omnicom, which did not disclose the number of job cuts, said a fall in revenue could hurt its operations and financial position, and the effects could be material. “While we expect the pandemic to affect substantially all of our clients, certain industry sectors have been affected more immediately and more significantly than others,” the company said in a statement. The health crisis has compounded the woes of Omnicom and its peers, which already face stiff competition from tech giants like Alphabet Inc’s Google and Facebook Inc as clients shift mor
Show less
Read more
Impact Snapshot
Event Time:
OMC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OMC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OMC alerts
High impacting Omnicom Group Inc. news events
Weekly update
A roundup of the hottest topics
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