Britain's “Financial Times” quoted unnamed sources familiar with the matter as reporting that WPP plans to lay off up to 1,000 more employees in the second half of this year to speed up the restructuring plan. WPP is expected to divest non-core businesses. The company also plans to reduce its property asset portfolio to reduce costs. According to an anonymous source close to the relevant negotiations, the group's three separate office buildings located on the south bank of the Thames in London will probably be reduced to two.

Britain's “Financial Times” quoted unnamed sources familiar with the matter as reporting that WPP plans to lay off up to 1,000 more employees in the second half of this year to speed up the restructuring plan. WPP is expected to divest non-core businesses. The company also plans to reduce its property asset portfolio to reduce costs. According to an anonymous source close to the relevant negotiations, the group's three separate office buildings located on the south bank of the Thames in London will probably be reduced to two.