Momentum Announces Layoffs After Losing Seaworld

Rumors have it that up to 30 positions have been cut today & yesterday.

A spokesperson for the IPG media agency, which worked on the theme park’s business alongside DDB for nearly a decade, tells us, “We have completed a restructuring tied to the previously reported loss of the SeaWorld business in our St Louis office. We can’t disclose any further details, out of respect to the people involved, but had to make difficult decisions in light of understandable economic concerns and with an eye on our future growth – in a market where we have a lot of great talent, capabilities and potential.”

Via