I fail to see how this helps the economy.
"Arnold Worldwide plans to lay off fewer than 50
Ad agency Arnold Worldwide will cut 8 percent of its Boston workforce, or less than 50 people, to reduce costs and increase efficiency, a spokesman said. The Boston agency, which has 700 employees worldwide and 525 in Boston, told employees about the cutbacks yesterday. Affected employees will leave this week, according to the spokesman. Arnold, which bills itself as "99 percent people and 1 percent other advertising-related substances," reports about $1.6 billion in billings and has clients that include Amtrak, RadioShack, Fidelity Investments, and McDonald's. (Boston Globe)."
