New York City, New York-based IPG Mediabrands, an advertising/public relations/marketing agency, has announced a post-merger reduction in its workforce after the loss of a client.
The personnel adjustment will impact 103 media-buying employees located in Los Angeles, California, and is scheduled for January 2, 2025.
According to a company spokesperson, “Regrettably, we informed a portion of our team about the need to reduce our workforce in light of a recent client loss. We are committed to supporting the transition of those impacted by providing resources, severance payments, and continuation of benefits. These decisions are the hardest ones to make in our business, and we are grateful for the many contributions this team has made during their time with IPG Mediabrands.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?