trending Market Intelligence /marketintelligence/en/news-insights/trending/xvKTBDHHUi6TVIMxlZt2ZA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Dentsu to restructure international business, cut headcount by 11% in 7 markets

Virgin Media-O2 Tie Up, EC Reversal on Three-O2 to Reboot Consolidation

COVID-19 Impacts Incumbent Telco Revenues In Western Europe

Disney+ Ditches Free Trials — Will Other Big Streamers Follow Suit?

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Dentsu to restructure international business, cut headcount by 11% in 7 markets

Dentsu Inc. will lay off about 11% of its employees in seven markets under a restructuring of its underperforming international businesses.

The restructuring will see workforce reductions in Australia, Brazil, China, France, Germany, Singapore and the U.K. The Japanese advertising company also simplified the structure of its overseas operations into three business lines: Creative, customer relationship management and media.

The restructuring plan was accompanied by earnings forecast revisions for the fiscal year ending Dec. 31. Dentsu revised its net profit outlook to ¥6.2 billion, down 82.7% from the ¥35.8 billion announced in August. It also slashed its basic EPS estimate to ¥22 from ¥127. The company cited the underperformance of several of its overseas operations as the reason for the forecast changes.

The restructuring plan is expected to cost about ¥24.8 billion, of which ¥19.8 billion will be booked in the fiscal year ending December 2019 and the remainder to be recognized in the fiscal year ending December 2020.

More than ¥13.8 billion yen in staff-related costs are expected to be saved on an annual basis, the company said.

As of Dec. 16, US$1 was equivalent to ¥109.67.