Restructuring at Dentsu International to Result in Approximately 6,000 Layoffs
Dentsu Announces Accelerated Restructuring and Transformation
In a significant move aimed at boosting growth and competitiveness, Dentsu Group has announced a process restructuring of its advertising and marketing departments. The advertisement process, which was already in progress before the pandemic, has been expedited due to the current global circumstances.
The broad process affects Dentsu International, the rebranded name of Dentsu Aegis Network. As part of the process, a specified percentage of jobs will be eliminated, with 12.5% of positions being affected. The job cuts are being spread across the organization globally, with the number of employees impacted varying across different regions.
The process is a response to the pandemic and is part of Dentsu's overall strategy. The aim is to accelerate Dentsu's growth and make the company more competitive in the evolving market.
The process was speeded up by Dentsu in August, and today's announcement was made in a filing with the Tokyo Stock Exchange. The top manager leading the process of Dentsu International remains unnamed in the available search results.
Dentsu International's advertising and marketing departments will undergo significant changes as part of the process. The exact details of these changes are yet to be disclosed, but the company has stated that the process is aimed at streamlining operations and improving efficiency.
The process is being led by Dentsu, with the aim of creating a stronger, more agile organization that is better equipped to meet the challenges of the future. The announcement regarding Dentsu's process was made today.
This process is aimed at accelerating Dentsu's growth and competitiveness, ensuring the company remains at the forefront of the advertising and marketing industry. The filing updated investors on Dentsu's accelerated process, providing insight into the company's strategic direction.
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