The axe appears to be in the process of swinging at Clemenger BBDO in Wellington.
CEO Philip Andrew confirmed some redundancies would be announced but he would not discuss specifics until tomorrow morning as issues are still being worked out with some of the departing staff.
Word on the street is that there will 12 casualties, but Andrew would not confirm that number.
Clemenger resigned the lucrative National Bank account in September after it went to pitch in September, ending a nine-year relationship.
More to come.
