
Hold tight: Unilever’s announcement last week that it’s slashing more than 800 marketing positions is an acceleration of a widespread downsizing of marketing departments, analysts say.
The announcement by the world’s second-biggest marketing spender comes little more than a year after rival Procter & Gamble Co. announced a 5,000-person reduction in “overhead” positions that included around 1,000 marketers. The Cincinnati-based company said it would cut 2% to 4% of its workforce annually, though it hasn’t specified if marketers would be targeted in the same way.
Colgate-Palmolive Co. and Energizer Holdings, among other companies, have also had restructurings in the past year in which marketing departments were significantly involved, said Sanford C. Bernstein analyst Ali Dibadj. Heinz, after being taken private earlier this year, also cut marketing jobs as part of a broader move to thin executive ranks. And Johnson & Johnson previously reduced consumer-marketing positions as part of a reorganization.
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