Recession hits UK top Digital Agency

I’ve found myself reading over and over how the digital industry isn’t being affected that badly by the recession. I’ve even written my own blog posts with mentions of how the recession is forcing an increase in both innovation and creativity – But somehow I don’t think some of the former employees at digital agency, LBi, will be in agreement.

It’s been announced that LBi,  one of the most well-known digital agencies in the UK has made 150 staff redundant after restructuring. However, it’s not too close to home – the redundancies, in principle, will be made in central Europe and the USA. A sigh of relief?! not quite – The Chief Financial Offer, Huub Wezenberg, adds: “We cannot exclude more restructuring activity if the market situation will deteriorate further”.

Apparently the agency is looking at merger options abroad and has reported to say it’s restructuring will bring a cost saving of over 9 million euros. No small change. 

150 job losses in the USA and Central Europe

150 job losses in the USA and Central Europe

Advertisements

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: