Edelman will be cutting staff by roughly 240 employees, most of whom are senior level, as part of a larger reorganization resulting from a “cooling down” the firm is experiencing.
“Saying goodbye to members of the Edelman community is an extremely difficult decision,” CEO Richard Edelman said in a staff memo PRovoke Media obtained from an employee of the firm. “We will support our impacted colleagues with outplacement support to help with career transitions and an additional six months of support through ComPsych, our Employee Assistance Program, in addition to separation pay.
“This is a hard day for the firm, but I want all of you to know that I am confident in our future. I truly believe we will become THE communications advisory firm because trust drives growth and action earns trust,” Edelman said.
The employees being laid off represent roughly 4% of Edelman’s workforce. Edelman had a hiring freeze in effect over the last several months, but that “wasn’t enough to counterbalance the hiring we did to meet the post-pandemic surge of business,” Edelman said.
