Omnicom Group's Griffin Bacal, New York, facing a grim future in the wake of losing Hasbro work, is cutting two-thirds of its staff. The agency will scale down from approximately 70 employees to 24. Half of the departing employees will be absorbed by the New York division of parent agency DDB
Worldwide, while the other half will be laid off. The remaining core group of Griffin Bacal will be led by Paul Kurnit, current president and chief operating officer. Agency founders Tom Griffin, co-chairman and CEO, and Joe Bacal, co-chairman and creative services director, are retiring as of March 31. Hasbro in the past month consolidated its estimated $100 million toy account at DDB; the work had been split among Griffin Bacal, Grey Worldwide and Rotter Kantor. It then consolidated its estimated $85 million to $100 million games business at Grey and Jordan McGrath Case & Partners/Euro RSCG; Griffin Bacal had handled the largest portion of that business.
- Wendy Davis
Copyright December 2000, Crain Communications Inc.