WPP PLCWPP
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WPP plans to cut up to 1,000 jobs and divest non-core businesses as part of restructuring, indicating cost pressures and strategic shift.
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Communication Services
WPP PLCWPP, the major British advertising company, is preparing to cut up to 1,000 additional jobs by the end of this year, according to a Financial Times report on Tuesday, citing sources close to the matter. The job cuts are part of an accelerated restructuring plan under new CEO Cindy Rose, which includes selling or divesting from non-core businesses, as well as additional real estate, to focus more resources on the company's core operations.
WPP PLCWPP plans to cut up to 1,000 jobs and divest non-core businesses as part of restructuring, indicating cost pressures and strategic shift.