CEO of ad giant Omnicom outlines strategy for reopening agency offices around the world, read the internal memo
- John Wren, CEO of ad giant Omnicom, laid out steps for the holding company’s offices around the world to reopen.
- He said the entire network would continue working remotely until at least May 15 except in some Asian countries.
- Wren said leaders will follow local government guidelines and that anyone uncomfortable returning to the office will not be required to do so.
- According to sources in Omnicom, some executives have already volunteered for salary reductions while others have not.
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Omnicom CEO John Wren sent memos to the holding company’s 70,000-plus employees about reopening its offices
“Our leaders worked tirelessly to limit the number of people impacted,” Wren wrote on April 23, stating that corporate executives along with “many others” have taken voluntary pay cuts.
The move comes as China reopens its economy and other countries, including Germany and South Korea, issue guidelines for businesses. The holding company already went through multiple rounds of layoffs across agencies including BBDO, DDB, and all of Omnicom Media Group.
“We have formed a multidisciplinary committee to develop guidelines for how our offices should open once government officials give us the green light to do so,” Wren wrote, expressing confidence …continued .
[Source: Business Insider]