The Journal News, the Westchester, New York newspaper owned by Gannett, has informed all 288 of its news and advertising sales employees that their jobs will be eliminated. Those affected have until the end of this week to apply for the 218 jobs the paper will keep. Overall, 20 jobs are being cut in ad sales, [...]
Continue reading...Monday, May 11, 2009
Ad agency BBDO Atlanta has cut 30 jobs, or 10% of its workforce, across all departments. Chief Creative Officer Marcus Kemp was also let go. Rumor says the agency may lose a major client, Capital One Bank. BBDO is a worldwide advertising agency network, headquartered in New York. Formed through a merger of Barton, Durstine & Osborn and [...]
Continue reading...Monday, May 4, 2009
London-based advertising holding firm WPP will reduce staff by 7,200, or 6%, by the end of its Q2. Half of the cuts will come from layoffs, and half from attrition. Thirty-six hundred jobs have been eliminated in the first three months of this year, including 2,200 layoffs. Further layofs will target the US and Europe. No specific number [...]
Continue reading...Monday, March 23, 2009
The Charlotte Observer is eliminating almost 15% of its work force, including 30 newsroom positions, while reducing the pay of most remaining employees. The newspaper also plans to cut the hours of some workers. The McClatchy-owned paper said a one-week furlough will be imposed later this year. The Observer announced the cuts on its website. The 14.6% [...]
Continue reading...Wednesday, March 11, 2009
Boston-based advertising agency Arnold Worldwide has cut 40 jobs from its headquarters office. The firm had a Boston head count of about 600 before the reduction. The agency is known for its work for Fidelity Investments, Citizens Bank, McDonald’s, and Volvo. Arnold will also impose agency-wide salary cuts, with senior executives especially targeted. All employees, including those who were [...]
Continue reading...Thursday, February 12, 2009
Mountain View, California-based Internet search-engine behemoth Google has announced plans to shut its three-year-old radio-advertising business and cut as many as 40 jobs. The company, which expanded into the market with the 2006 purchase of DMarc Broadcasting, is seeking a buyer for software that arranges ads on radio programs. Google will stop selling radio ads by [...]
Continue reading...Monday, February 9, 2009
Since the beginning of the recession in December 2007, the advertising and media industries have cut 65,100 jobs, according to analysis of figures from the Bureau of Labor Statistics. Media Companies cut 41,000 jobs while advertising and marketing cut 24,000. These numbers place job loss percentage for media companies at 4.6 percent, and [...]
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Thursday, August 13, 2009
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