Latest news with #HiroshiIgarashi
India.com
2 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.
Arab News
17-02-2025
- Business
- Arab News
Dentsu CEO vows to help shape Saudi Arabia's Vision 2030 through innovation
DUBAI: Japanese marketing and advertising firm Dentsu Group is expanding into Riyadh as it seeks to support the Kingdom's transformation, according to its CEO. Speaking to Arab News Japan, Hiroshi Igarashi said his firm is in alignment with Saudi Arabia's Vision 2030 diversification initiative. Through Dentsu Sports International in the Middle East, the company aims to reshape the Kingdom's sports and entertainment landscape, delivering fan-centric experiences through sponsorships, digital engagement, and analytics. 'Saudi Arabia is positioning itself as a global hub for media, sports, and technology. Our 'One Dentsu' model aligns with Vision 2030's focus on efficiency, innovation, and collaboration,' Igarashi said. The 'One Dentsu' model, led by Deputy Global Chief Operating Officer Takeshi Sano, integrates media, creative and digital services for tailored business impact. Igarashi told Arab News Japan that the company is a growth partner focused on digital transformation, not just acting as a service provider. He said it was important to leverage global expertise in digital marketing, brand building and data solutions to empower local and international brands. 'Saudi Arabia is setting new standards, and we bring global best practices combined with local insights,' Igarashi said. He highlighted how Dentsu's Japanese roots, built on trust and precision, resonate with Middle Eastern business values: 'We merge Japanese craftsmanship with global agility to drive lasting success.' The CEO added: 'We prioritize measurable results over media scale, offering clients a strategic edge in a fast-evolving market.'
