TBWA/CHIAT/DAY, NEW YORK, LAYS OFF 15

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(May 23, 2001) -- Omnicom Group's TBWA/Chiat/Day, New York, laid off 15 employees today from across all departments, an agency spokesman said. The cuts were not due to an account loss or client spending decrease, but rather to the "slowdown in the economy," the spokesman said. Additional layoffs are not planned at this time, he added. -- Laura Hughes

Copyright May 2001, Crain Communications Inc.

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