IPG Mediabrands Implements Furloughs and Layoffs Across Agencies
Less than 5% of its employees were let go

IPG Mediabrands' announcement follows IPG CEO Michael Roth addressing measures across the holding company.
IPG Mediabrands

IPG Mediabrands went through a series of cost-cutting measures today, including furloughs and layoffs, across all of its agencies due to the impact of the coronavirus pandemic.