Speaking at the Web Summit Qatar, John Wren, CEO, Omnicom, assured that jobs are far more secure at the American holding company and the recently acquired IPG.
In December 2024, Omnicom and IPG announced that the two American holding companies would be merging raising speculations about job cuts.
Wren stated that the two companies were in a 'funny period because of the rules surrounding the regulatory approvals'.
He stated, "We are hoping to pass those (regulatory) hurdles in the next few months. This prohibits us from getting as granular as we would want to tell our staff what is in it for them in the future."
He added that the companies continue running 'individually' at this moment.
"During this period, we have to run the companies individually as if the merger was not to happen. So, it does leave the employees a little unsettled. There's a real need to communicate. The timing of the announcement (of the merger) was a little unfortunate - just before the holidays," he said.
He stated that there is a communication plan in place for the employees and assured them that they will be in the know.
"There's a full-blown communication plan in place - as much as the lawyers and regulators will allow us to say. If you were working on a client in a revenue generation position, the day before the merger, your job is now safer than it was before because we will now have the tools to keep the client relationship (going). There will be plenty of seats and career opportunities," he said.
While Wren stated this, Manifest has learned that certain top-level changes are happening on the IPG side, specifically among the creative agency business.