Crispin Porter + Bogusky to Lay Off 60 Employees

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Oh no! Say it ain't so! Even Uber-agency Crispin Porter + Bogusky is facing tough times and has had to reduce its staff of 900 by 60. Katie Kempner, VP of communications sent us this statement.

"In response to the current economic climate, advertising budgets are being reduced in virtually every industry. On a comparative basis, CP+B's business is doing well but we are not immune to the constriction of the economy. Our two main responsibilities are to our clients and to our employees. And in order to most prudently manage our business, we have
take the difficult step of reducing our staff by 60 of our 900+ employees. We do not anticipate any further staff reductions. These are extraordinary times and we hope that we will not have to do this again."

Well, there you have it. Best wishes to all. Getting laid off sucks and there's no other way to put it.

by Steve Hall    Feb- 5-09   Click to Comment   
Topic: Agencies, Bad   

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Comments



Comments

Let me see if I can wonder through this. You find the dead wood that isn't producing and you send them out on the sidewalk. Give it to the PR types and they blame it on the economy. I'd hire the PR Department.

Posted by: Old Cowboy on February 7, 2009 12:34 PM





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