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Omnicom Plans Workforce Reduction as PepsiCo Loss Triggers Business Review

Omnicom Group logoOmnicom Group
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Pepsico logoPepsico
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Omnicom is reviewing what led to losing PepsiCo’s media business to Publicis after more than 25 years. CFO Phil Angelastro said the holding company is doing a root-cause analysis and aims to protect other accounts, while assessing broader client relationship implications. The company expects limited effect on its 2027 outlook, despite reputational concerns.

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