linkedin WPP: wrote down the value of agencies including Wunderman Thompson, VMLY&R, Geometry and Landor & Fitch WPP made a pre-tax loss of £2.79 billion (US$3.89 billion) in 2020 after taking a huge “non-cash” impairment charge on the value of some of its agencies because of the pandemic. The world’s biggest agency group by staff numbers also revealed it lost 6,648 roles as headcount fell to 99,830 at the end of December from 106,478 a year earlier. Leaving aside the £3.1 billion ($4.3 billion) impairment charge, WPP made a headline operating profit of £1.26 billi...