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Japanese advertising company Dentsu is planning to lay off 11% of its workforce across seven markets. So reports the Straits Times.
Recently, the company cut its earnings forecast due to “ongoing under-performance of some markets over the recent quarters.” As such, it is restructuring and working on a number of strategic initiatives toward the implementation of a new business model. In total, about 1,400 jobs are expected to be eliminated.
Read the full article from the Straits Times.