NEW YORK: Interpublic Group is reportedly ready to follow in the footsteps of its larger rival Omnicom with a cull of "less than 5%" of its worldwide staff, placing some 2,000 jobs under the shadow of the axe.

The firings are part of an undertaking given by chairman/ceo Michael Roth (pictured above) to investors that he would manage IPG "conservatively" during the downturn.

In October Roth assured the moneymen that the world's third largest marketing services holding company would remain "extremely focused on controlling costs and managing margins".

Data sourced from; additional content by WARC staff