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WPP restructures into four units and cuts £500M in costs by 2028 to combat declining revenue and profits, using AI to boost efficiency and client service.
WPP unveiled a major restructuring plan, Elevate28, to address a 5.4% organic revenue decline in 2025 and a 71% drop in operating profit, aiming to cut £500 million in annual costs by 2028.
The company is reorganizing into four global units—Media, Creative, Production, and Enterprise Solutions—unified by an AI-powered platform, WPP Open, to streamline operations and improve client service.
While new client wins include Jaguar Land Rover and the UK Government, challenges remain, including high debt and limited acquisition capacity, prompting a focus on partnerships over mergers.
The transformation, expected to take years, includes workforce reductions and reinvestment in innovation, with leadership emphasizing long-term growth and integration.
WPP se reestructura en cuatro unidades y recorta £ 500 millones en costos para 2028 para combatir la disminución de ingresos y ganancias, utilizando la IA para aumentar la eficiencia y el servicio al cliente.