Droga5 confirms New York layoffs

Droga5 has confirmed the agency has shed 5% of its New York office, approximately 40 members of staff. 
In a statement issued to The Drum, the agency claimed the layoffs were “in order to reshape the business in line with current business demands”. 
According to reports, the cuts span a number of agency departments - including HR - with suggestions two clients - Tencent and Mattress Firm - have both significantly scaled back their work with the agency. 
Describing the