Market Chatter: WPP Plans Up to 1,000 More Job Cuts

MT Newswires Live17:09

WPP (WPP) plans to eliminate as many as 1,000 additional jobs by the end of 2026 as part of a restructuring move aimed at reducing costs, the Financial Times reported Tuesday, citing people familiar with the matter.

The planned reductions would follow roughly 11,000 job cuts at WPP since the start of 2025, leaving the advertising group's workforce at 97,388 as of June 30, according to the report.

WPP is also reviewing its property footprint and plans to sell non-core businesses as part of the overhaul, the report said.

WPP did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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