#cost-synergies

#cost-synergies

Leaders including CEO Robert Reffkin credited disciplined expense management and rapid integration progress for the results, highlighting early success in extracting synergies from the Anywhere deal. We achieved strong financial and operational results in our first quarter as a newly combined company.

Omnicom on Monday provided a deeper look at how its leadership and agency structure are changing following the close of its $13 billion-plus acquisition of rival Interpublic Group last week, according to a press release. The ad-holding group, now the world's largest, estimates it will eliminate another 4,000 jobs globally to realize its cost synergy targets, CEO John Wren told Adweek.