Kolar Advertising has laid off employees for the first time in its 20-year history. Nineteen of the firm’s 89 employees have been laid off.
Those laid off are getting a severance package and outplacement.
Two of Kolar’s major clients, the US Army and 3M, have cut back on ad and marketing spending.
Founded in 1989, Kolar is the fifth-largest advertising agency in Austin, Texas.
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Tue, Aug 4, 2009
Ad Agencies, Home, Layoffs