Stay updated with breaking news from Frank Lenuto. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The holding company attributed the decline to comparisons with above average results in 2022 and slowing client spend amid a workforce restructuring.
Stagwell posted a revenue decline in Q1 as its clients slowed spending, leading the holding company to restructure its workforce.
Stagwell cuts 300 staffers as client spend slows, leading to Q1 revenue decline. From PR Week