Bank has been rethinking its $1 billion-a-year spend on advertising and communications to drive consistency and effectiveness in age of AI.
Total headcount fell 1,000, as job reductions more than offset acquisition of 2000-strong Flywheel, and agency group plans further staff cuts to save US$330 million.
In conversation with the Publicis' CEO after the group reported annual revenue growth of 5.8%.
Agency group 'reinforces talent pool' as it sees 'opportunity' in challenging 'new Omnicom'.
The two groups will continue to operate independently and compete in pitches for the time being, as the M&A deal could take a year to complete.
EssenceMediacom, Mindshare and Wavemaker brands will still operate globally and local market CEOs will retain their roles.
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