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WPP CEO Restructures Company To Cut Costs
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Relevance ScoreWPP's new CEO Cindy Rose on Thursday unveiled a sweeping turnaround plan to simplify the agency into four divisions and target about £500 million (roughly $676 million) in cost savings by 2028. The strategy emphasizes AI and a new Enterprise Solutions unit while warning of potential job cuts across WPP's roughly 98,000 staff; shares fell more than 6% in early London trading.
