Omnicom-owned digital agency Razorfish announced an increase in Q3 revenues from $44.9 million last year to $77.1m this fiscal.

The increase was celebrated in bizarre fashion with the shop making some ten per cent of its staff redundant, including thirty from its London office.

According to Michael Moore, formerly managing director of the shop’s Amsterdam office, now newly appointed as executive vice president Europe, the downsizing is due to the shop’s “global improvement plan”.

News source: CampaignLive (UK)