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On January 13, I attended a panel hosted by the Columbia University Business School Alumni Club and Weber Shandwick Voiceboxx about how philanthropic organizations are addressing the recession. Weber Shandwick CEO Harris Diamond introduced the panel, which was moderated by Mike Spector, the philanthropy reporter for the Wall Street Journal. More about the event after the jump.
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Holding company Interpublic Group (IPG) is in the process of cutting considerably fewer positions than the 2,000 reported December 19 by The Guardian, a source familiar with the proceedings told PRWeek.
Asked if the number of 2,000 reported job cuts was accurate, the source replied, “That’s a really high number, and I would not expect it to be there,” adding that the company has “less work to do than Omnicom” on staff reductions. Omnicom announced December 18 that it will lay off “less than 5% of the total workforce numbers,” affecting “some, but not all” of its companies. Executives at Omnicom’s PR firms, including Fleishman-Hillard and Ketchum, said they do not have major staff layoffs in the works.
The source added that it has not yet been determined whether the job reductions will take place within the company’s Constituency Management Group (CMG) division, which contains its PR agencies, or the more advertising-focused Integrated Agency Network.
IPG’s PR business includes Weber Shandwick, GolinHarris, MWW Group, DeVries, and Carmichael Lynch Spong.
Last weekend, I was able to attend the opening weekend Bahamas International Film Festival (BIFF) in Nasasau, which ran December 4 to 11. After a sparsely-attended screening of Mariah Carey’s new movie Tennessee, I found everyone at the Versace Chopard Opening Night Party, held at the One & Only Ocean Club on Paradise Island. After brief remarks from Festival founder and executive director Leslie Vanderpool, a fashion show and fireworks took over the evening. More events from BIFF after the jump.
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Enjoy video from our Digital Roundtable, held recently in Boston.
For both journalists and communicators, the news cycle never ends. At The Cycle, PRWeek’s editorial team offers commentary and viewpoints on how the latest marketing, business, political, and cultural news impact the PR industry.
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