Advertising giant WPP to axe 7,200 jobs | WHAT REALLY HAPPENED

Advertising giant WPP to axe 7,200 jobs

Global advertising firm WPP will cut a total of 7,200 jobs this year, many in Britain, Europe and the US, where growth has been falling as the recession forces companies to slash their advertising and marketing budgets. About half this number has already been lost, with the rest expected to go by the end of 2009, sources close to the company say.

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