Reorganization at Dentsu International Results in approximately 6,000 Job Reductions
In a significant move, Dentsu Group, the global advertising and marketing conglomerate, has announced a restructuring of its advertising and marketing departments. The reorganisation, which was not limited to Dentsu International, but is a broader process affecting Dentsu as a whole, was announced today in a filing with the Tokyo Stock Exchange.
The announcement comes as part of a broader transformation process for Dentsu, a process that the company has been working on over the past two years. The restructuring was sped up by Dentsu in August, due to the ongoing pandemic.
The restructuring will result in the elimination of 12.5% of jobs at Dentsu International, with the job cuts being spread across the organization globally. The reasons for the specific job losses vary across different regions.
It is important to note that the advertising and marketing departments were previously known as Dentsu Aegis Network, which underwent a rebranding in September. The restructuring, however, is not attributed to any specific reason in the filing.
The search results do not provide specific information about which regions will be most affected by the announced job losses. The filing did not specify the number of employees impacted by the restructuring.
The reorganization and transformation process was not mentioned in the earlier bullet points. Dentsu initiated its reorganization plans over the past two years, and the company has not provided a timeline for the implementation of the restructuring.
The announcement was made today by Dentsu Group, with no specific reasons given for the accelerated restructuring. The company did, however, attribute the need for the restructuring to the pandemic.
This restructuring is part of a broader transformation process for Dentsu, a process that aims to adapt the company to the changing landscape of the advertising and marketing industry. The company will continue to update investors on its progress in this regard.
