Ax falls on 50 Grey workers in NY.(Time Inc. appointed Leslie Picard)(Barickman Advertising's James Hall Barickman is dead)(advertising spending's growth)(Obituary)

Advertising Age, January, 2006

New Grey Worldwide CEO Jim Heekin this week will unveil his plan for Grey's future structure at an agency meeting, following a layoff of almost 50 employees at the WPP Group network's New York office last week. The cuts, which comprise about 7.7% of the office's staff, were made at all levels and across all departments, a spokesman said. The changes, made by Mr. Jim Heekin, were widely anticipated following WPP's acquisition of Grey Global Group in early 2005 as new management strives to make Grey operate more efficiently. An agency spokesman called the cuts a streamlining in anticipation of that new structure; they include the dismantling of Grey New York's "village system.'' AdAge.com QwikFIND aar32o

Time Inc. hires execs from Conde Nast, Rodale

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