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Draft Cuts 7% of Its N.Y. Staff

Interpublic Group's Draft has cut 40-50 employees - about 7 percent of its New York office staff - as it winds down its relationship with Bank of America, sources said. BofA in August awarded its $600 million marketing services account to Omnicom Group after a holding company pitch that included IPG and WPP Group. The Omnicom agencies involved in the competition included BBDO, OMD, Organic, Live Technology, Javelin, Cultura, Radiate Group and TPN.

Read the whole story at, October 27, 2005 »

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