Seattle-based advertising company HL2 has gone out of business after more than 15 years, according to a report in the Puget Sound Business Journal. The company, which was formerly known as Horton Lantz & Low, had lost major clients in recent months and the tough economic climate made it difficult to borrow more money in [...]
Continue reading...Thursday, August 20, 2009
Advertising agency Bartle Bogle Hegarty will lay off 10% of its staff in the United Kingdom. The firm blames the decline in ad spending. The redundancies will target 40 people at the firm’s 400-person London office. Earlier this year, the agency slashed salaries by 3.5%. BBH counts British Airways, Barclays Bank and Audi amongst its [...]
Continue reading...Tuesday, August 4, 2009
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, [...]
Continue reading...Tuesday, May 26, 2009
Another Southern US ad agency is laying off workers. Austin, Texas’ GSD&M Idea City has cut 10 jobs, and imposed across-the-board temporary pay cuts. Mark Taylor, the agency’s executive creative director, has also left the firm. The agency has about 500 employees. GSD&M Idea City is an advertising agency founded in 1971 by graduates of [...]
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Thursday, August 12, 2010
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