Adweek reported IPG dumped 3,200 jobs—including 800 in September—ahead of the Omnicom acquisition. Plus, the White holding company vacated 730,000 square feet of office space across the planet.
And that’s the pruning executed before the impending takeover.
In the weeks ahead, don’t be surprised if IPG sneaks in a few more Black Friday going-out-of-business sales.
IPG Cuts 3,200 Jobs Ahead of Omnicom Takeover
The company also vacated 730,000 square feet of office space globally
By Alison Weissbrot
Interpublic Group (IPG) has let go of 3,200 staffers this year, including 800 in September, according to the holding company’s latest filing with the U.S. Securities and Exchange Commission.
According to the 10-Q filing, the layoffs impacted “executive, regional, and account management as well as administrative, creative and media production personnel.”
IPG also reduced its global real estate footprint by 730,000 square feet this year. In the third quarter alone, IPG wiped its real estate footprint by 135,000 square feet.
Impairment costs related to both staff and real estate reductions totaled approximately $450 million in 2025, with severance costs at $177 million and lease impairment costs at $108 million.
The reductions were made to ready the holding company for its impending acquisition by Omnicom Group, expected to close this month.
Omnicom and IPG received U.S. regulatory approval for the deal in September, after agreeing to a consent decree that would bar the new company from directing advertisers’ spend based on political or ideological beliefs, unless explicitly directed by an advertiser.
When the deal was first announced in December, the acquisition was projected to save $750 million in costs. Layoffs at IPG have been ongoing throughout the year, with cuts at IPG Mediabrands and Acxiom in March. The holding company shed 2,400 jobs in the first half of 2025.
It is expected that once the deal is finalized, Omnicom will reveal a new structure to the company that eliminates agency brands from the combined portfolio.
Last month, Omnicom responded to rumors that it would sunset global creative network DDB by saying it is “undertaking a rigorous and considered process to ensure we have the very best solutions for the future for us and for our clients.”
On Nov. 10, IPG reported its last earnings as a public company, with revenues declining 5% year over year globally.
A spokesperson for IPG did not reply to a request for comment.
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