Major Cuts Hit Major PR Firm

Global PR agency Edelman, which has a D.C. office, will be reducing its global workforce by approximately 390 people, reports Marketing, which added that Edelman will also be asking for salary reductions from 5% to 20% which will be scaled by employee compensation level.

In a memo seen by Marketing, Richard Edelman, CEO of Edelman, said the agency is no longer able to sustain its business without layoffs, furloughs, reduced work weeks and additional compensation reductions of mostly senior people scaled by salary level.

Marketing added that the staff cut, which will impact about seven percent of its global work force, comes three months after Edelman said there will be no job losses due to the COVID-19 situation in March. According to media reports, the change in decision comes as the management had to consider the long-term health of the agency.

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