Martin Sorrell’s S4 Capital Lowers Expectations, Citing “Challenging” Macro Backdrop

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Martin Sorrell’s S4 Capital Lowers Expectations, Citing “Challenging” Macro Backdrop
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The company has cut about 500 jobs over the past year, with plans for more cost control “given the current market conditions,” it says.

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https://www.wsj.com/articles/martin-sorrells-s4-capital-lowers-expectations-citing-challenging-macro-backdrop-71309c7fThe company has cut about 500 jobs over the past year, with plans for more cost control “given the current market conditions,” it saysMartin Sorrell’s S4 Capital now expects its like-for-like net revenue to decline in 2023 instead of growing 2% to 4%.

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