Just weeks are revealing its new senior management team, Ogilvy UK has offered all staff voluntary redundancy as part of a major restructuring at the WPP-owned agency.
Employees were told of the decision at a company meeting last night, in which they were informed they had until the end of this week to apply. On its website, the agency claims to have 1,200 employees.
The agency has insisted that this is not a cost-cutting exercise but a chance for the company to “reinvest for the future”.
In a statement issued to the press, Ogilvy UK attributed the redundancies to its “transformation” strategy which has seen it axe sub-brands Ogilvy & Mather, OgilvyOne and Ogilvy Public Relations and relaunch as Ogilvy – a move which was initiated in the US last year.
John Cornwell, chief operations officer, said: “This offer of voluntary redundancy is the final stage in Ogilvy UK’s transformation journey. Our intent is to be as transparent as possible and provide our people with choices as we continue to reshape our business for the future.”
The agency has been hit by a number of senior departures since UK CEO Annette King quit in 2017 after 17 years with the business to join Publicis; she was succeeded by Michael Frohlich.
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