Creative agency M&C Saatchi has made at least 20 roles redundant in Australia, following the agency's loss of major clients.
Dani Bassil, who was appointed CEO of M&C in August last year, said in a statement that following recent client movements, "we have made the difficult decision to reduce roles across our business."
"This is never an easy outcome, particularly given the talented people who have contributed so much to our agency, our culture, and our clients' success," said Bassil.
"Our priority is to support those affected through this transition with care, respect, and access to appropriate assistance.
"Given the sensitive nature of these developments and out of respect for our people, we will not be commenting on individual circumstances. Our focus remains on supporting affected employees, and maintaining continuity for our clients."
M&C Saatchi recently lost accounts including Woolworths, CommBank and ART.
M+C Saatchi reported a sharp fall in both revenue and profits in the year to December with the Australian business an outsized black spot on the global business.
Global like-for-like net revenue fell 7.3% to £204.7 million and operating profit was down 26.1% to £24.9 million.
Australia ended the year in a 31.9% hole. Without Australia, global revenue would have been down just 3.1%.
Zaid Al-Qassab, the CEO of M+C Saatchi, is also stepping down after less than two years in the job.
Justin Graham, M&C Saatchi’s previous CEO, recently joined Poem as a strategic growth advisor.
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