Omnicom plans to eliminate 15,000 jobs, leaving it with a total headcount of 105,000 through December as it aims at a $1.5 billion gross synergy target following its acquisition of IPG, Ad
News reports. The firm says it is moving faster despite the loss of the Pepsi global media account. “The Pepsi situation is an unfortunate one, certainly a disappointment from our
perspective,” said Phil Angelastro, CFO of Omnicom. “You can’t sugarcoat it. We’re doing a detailed deconstruction of how it happened and what we should’ve been doing differently to prevent
it from happening.”