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WPP Announces 1,000 More Job Cuts as AI Reshapes Agency Economics

WPP logoWPP
Sig2.95Sen-3.90Env0.00Soc-5.70Gov-0.60

WPP is set for another round of 1,000 job cuts, amid early signs of a turnaround that have helped staff feel more buoyed. On a call, CFO Joanne Wilson warned that last year’s big losses will still weigh on results, while stagnant marketing budgets and a shift toward working media reduce agency-fee reliance. Gartner projects agency fees could keep falling through AI-driven change.

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