DRAFTWORLDWIDE CUTS 33 FROM NEW YORK OFFICE

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(May 23, 2001) -- Interpublic Group of Cos.' DraftWorldwide today laid of 33 people in its New York office, about 8% of that staff and 2% of its U.S. workforce. The cuts were across all departments and at all levels. "It's not directly related to any one client. It's a reaction to the softness in spending across the board," said Jordan Rednor, president of DraftWorldwide. -- Cara Beardi

Copyright May 2001, Crain Communications Inc.

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