Interpublic to Cut Additional 3,500 Jobs Across Agencies

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Advertising conglomerate Interpublic Group of Companies Inc. will sack another 3,500 employees and merge or close more than 75 facilities after second-quarter net income dropped 42 percent. The New York company, now the world's No. 1 agency holding firm after swallowing rival True North Communications, slashed 2,200 jobs in the first quarter.



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