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Stock impact report

Major restructuring for ad giant WPP [Seeking Alpha]

WPP plc American Depositary Shares (WPP) 
US:NYSE Investor Relations: wpp.com/wpp/investor/financialnews
Company Research Source: Seeking Alpha
WPP premarket on word that the advertising giant will slash 3,500 jobs worldwide. It follows a torrid year that included the exit of CEO Sir Martin Sorrell, as well as fierce competition from digital disrupters like Google and Facebook. The restructuring, which will be revealed in full during an investor presentation today, will include shutting 80 offices globally and combining operations of a further 100 locations. See all stocks on the move » Now read: Bloomberg 2019 Watchlist: 50 Dividend Dogs Show Target Gains And Losses » Subscribe for full text news in your inbox Show less Read more
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