gyro lays off 5% of U.S. staff

(gyro reduced staff by 5%)

B-to-b agency gyro, a part of Dentsu Aegis Network, reportedly went through a round of layoffs at the beginning of May, according to AgencySpy.

The report says approximately 5% of the team in gyro’s U.S. offices, including Chicago, Cincinnati, Denver, New York and San Franciso, were affected. Apparently, Kash Sree, New York’s creative lead was included. Sree joined the agency as GCD in 2017.

SUBSCRIBE: Sign up for our FREE e-lert here.  Stay on top of the latest national advertising, film, TV, entertainment and production news!

The agency claims the staff reductions were not directly related to the business impact of the coronavirus pandemic but was in line with the revenue shifts and account losses the agency experienced earlier in the year.

ALSO READ: Dentsu + mcgarrybowen = Dentsumgarrybowen

gyro’s staffing reduction reportedly followed a series of cost-cutting measures across Dentsumcgarrybowen agencies last month, including layoffs, salary reductions and two- to eight-month furloughs according to AgencySpy.