Latest news with #DentsuGroupInc
India.com
4 days ago
- Business
- India.com
Massive layoffs in this company, to sack 3400 employees due to…, not Amazon, Microsoft, Google, Infosys, IBM, TCS, name is…
There was constant news of layoffs in tech giants globally, especially due to more use of artificial intelligence which has reduced the dependency of human beings. But now there is a report of major job cuts by the big advertising agency Dentsu. Japanese advertising giant Dentsu Group Inc. announced plans to reduce 3,400 positions outside Japan and about 8% of its international workforce according to a statement dated August 14, 2025. Why Is Dentsu Laying Off Employees? The company achieved record-high net revenue and operating profit in the first half of the year. Dentsu said its international operations continued to post negative growth across all three major regions, creating 'an extremely challenging performance.' The group cited a slower-than-expected recovery in its customer experience management (CXM) unit and losses in its creative segment. They also expect broader macroeconomic uncertainty. Due to which it has trimmed its full-year organic growth forecast to nearly zero. What Dentsu Says On Layoffs? Dentsu also reported goodwill impairment losses of ¥86 billion in the Americas and EMEA and announced it will suspend its interim dividend. President and Global CEO Hiroshi Igarashi said the headcount reduction is part of a broader cost-cutting plan to save about Rs 3,120 crore annually by 2027. 'I am acutely aware that reforming international business is an urgent issue,' he added. 'In our international business, we will focus on fundamental improvement measures to restore its profitability and competitive advantage while striving to enhance the corporate value of the entire group, growing as One dentsu,' he added.
4 days ago
- Business
Dentsu Expects to Report 3rd Straight Full-Year Net Loss
News from Japan Economy Aug 14, 2025 20:40 (JST) Tokyo, Aug. 14 (Jiji Press)--Dentsu Group Inc. said Thursday that it expects to post a third straight full-year net loss for this year mainly because of sluggish overseas business. The Japanese advertising firm said it estimates a consolidated net loss of 75.4 billion yen for this year, compared with its previous projection for a profit of 10 billion yen. Last year, the company posted a loss of 192.1 billion yen. The downward revision came as Dentsu booked an impairment loss of about 86 billion yen related to its overseas operations for the first half of the year. The company said its overseas business division will shed some 3,400 jobs, or about 8 pct of the total. Dentsu said it will skip its dividend payments for the first half of the year, adding that whether it will pay second-half dividends is uncertain. [Copyright The Jiji Press, Ltd.] Jiji Press
Mint
4 days ago
- Business
- Mint
Layoff alert! Dentsu Group to slash 3,400 foreign jobs to trim cost
Bloomberg Updated 14 Aug 2025, 01:17 PM IST Japanese advertising company Dentsu Group Inc. said it will cut about 3,400 jobs in markets outside of Japan, equivalent of 8% of headcount in the region according to a statement Thursday. The company is mulling options including forming partnership for overseas operations, it said. The advertising agency said it's making 'steady progress' to achieve an operating margin on 16% to 17% in fiscal 2027 and is expected to deliver approximately ¥52 billion ($355 million) in annual operating cost cuts, exceeding the target, it said.
