72andSunny has laid off about 6% of its staff across its Los Angeles and New York offices, as the agency looks to “restructure” in response to “global economic volatility,” according to a statement by the Stagwell agency.
72andSunny didn’t identify a specific number of employees that were let go. In August, the agency said that its New York office had around 150 employees while its L.A. office employed 250 people. Taking those numbers into account, it's estimated that 24 employees were laid off.