WPP CEO Mark Read Says Company’s 15% Organic Revenue Drop in Q2 ‘Better Than Expected’

Global workforce has fallen by 5,000 year over year due to cuts and hiring freeze

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WPP CEO Mark Read said the holding company had a 'productive six months in a challenging environment' during its quarterly earnings call. WPP
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WPP’s organic revenue fell 15% in the second quarter of this year in large part due to the economic impact of Covid-19, but CEO Mark Read said the holding company has fared better than he initially predicted when the pandemic first took hold.

@Minda_Smiley minda.smiley@adweek.com Minda Smiley is an agencies reporter at Adweek.