Dentsu Plans to Cut About 3,400 Overseas Jobs to Trim Cost

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 after reporting operating losses in the second quarter.

The reduction, focused on headquarters and back-office functions in markets outside of Japan, are designed to streamline operation without affecting the company’s growth potential or competitiveness, the company said in a statement Thursday, after market close.