On September 8, 2009
What Omnicom Gets for Its Layoffs: $116,000 Per Person
Omnicom has reduced its salaries bill by $404 million in the last year as it laid off 3,500 people, according to a filing with the SEC. Crunch those numbers and you find that on average, laying off each Omnicom staff member saves the company about $116,000 in salary and benefit costs.
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