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flag WPP, a global advertising firm, cuts 7,000 jobs as profits drop due to economic pressures.

flag Global advertising firm WPP has cut 7,000 jobs and seen its profits fall to £98 million from £338 million in the first half of 2025, due to reduced client spending and slower business growth. flag Outgoing CEO Mark Read attributes the challenges to economic pressures, and the company has halved its interim dividend. flag WPP's new CEO, former Microsoft UK boss Cindy Rose, will take over in September, focusing on AI and digital transformation.

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