“Edelman, the world’s largest public relations firm, is laying off 390 people, or about 7% of its workforce, due to revenue declines during the COVID-19 pandemic,” Robert Channick at the Chicago Tribune reports.
“Richard Edelman, president and CEO of the PR firm started by his father in Chicago nearly 70 years ago, sent employees an email Tuesday explaining the decision — a reversal of an earlier pledge to avoid layoffs during the pandemic.”
“‘This decision is gut-wrenching, especially as I told you in March that we would have no job losses due to the pandemic,’ Edelman said in his memo. ‘Despite all efforts, we are beyond the threshold of loss-making and to ensure the long-term health of our business, I must change course.'”