Foote, Cone & Belding laid off almost three dozen employees, across all departments, in its San Francisco office. In a statement, the agency said the move was made "to bring our personnel in closer alignment to our current revenues." The office, with about 400 employees, last month lost some $60 million in Pillsbury Co. billings and also is in the process of reorganizing under new Chairman-CEO and Chief Creative Officer Geoff Thompson. The cuts follow the January layoff of 40 employees at FCB's Chicago office and an undisclosed number of layoffs in the New York office last month.
Copyright March 1999, Crain Communications Inc.