IPG revenue dips as jobs severed

By AdNews | 11 November 2025
 
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IPG cut another 800 jobs in the September quarter as revenue dipped and costs associated with restructuring rose.

Revenue in the three months fell to $US2.494 billion from $2.629 billion in the same three months last year.

Total restructuring charges hit $US450.8 million over the nine months from the start of the year, $129.5 million of that in the three months to September.

The planned reduction in workforce is 3,200 employees, including those in executive, regional and account management functions as well as those in administrative, creative and media production.

IPG is being taken over by rival Omnicom in a deal to form a company with 100,000 people and revenue of $25.6 billion (net revenue of $20 billion), with 57% of that in the US.

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