FCB Chicago reportedly went through a round of layoffs last week, impacting approximately 5% of employees.
According to AgencySpy who reported the moves, a spokesman for the agency issued a statement to Reel Chicago, “Due to changing scopes of work for a few clients impacted heavily by Covid-19 in our Chicago office, our team there has taken a difficult but necessary staff reduction of less than 5%. We are making added investment to support these departing employees with healthcare benefits through the end of the year, guidance and resources for reentering the job market and leads, where available, for placement at other FCB offices and IPG agencies. We currently do not anticipate any additional reductions across FCB.”
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The layoffs reportedly follow executive salary cuts and reductions in discretionary spending and other costs across all FCB offices in March, according to the story.
The Chicago offices were particularly affected by the novel coronavirus COVID-19 pandemic that shut the city down for three months. Reductions in spending from clients including Boeing and GE led to the cutting of staff.
Reel Chicago has reached out to FCB to confirm the reductions.