• Adweek, Wednesday, January 7, 2009 9:32 AM

The Ogilvy Group cut about 10% of its staff across multiple units. Insiders estimate the number of layoffs as high as 300. The cut affects the North American offices of Ogilvy & Mather, OgilvyOne, Ogilvy Interactive, OgilvyAction and other units.

The agency's client list includes IBM, American Express, Kodak, Unilever, Kraft Foods, Lenovo and Morgan Stanley. In the last year, Ogilvy has seen many of its major clients slash spending and shift dollars into disciplines handled by other roster shops.

The cut comes as Miles Young moves to New York to assume worldwide CEO duties from longtime CEO Shelly Lazarus. Lazarus remains as worldwide chairman. Young previously was chairman of Ogilvy's Asia-Pacific region, working mainly out of Hong Kong.

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