Japanese advertising company Dentsu Group Inc. said it will cut about 3,400 jobs in markets outside of Japan, equivalent to 8% of its headcount in the region according to a statement Thursday.
The company is mulling options including forming partnerships for overseas operations, it said.
The advertising agency said it’s making “steady progress” to achieve an operating margin on 16% to 17% in fiscal 2027 and is expected to deliver approximately ¥52 billion ($355 million) in annual operating cost cuts, exceeding the target, it said.
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