Omnicom to lay off 4,000 after IPG acquisition

Omnicom, a big advertising company, bought another big company called Interpublic Group (IPG) for $13.5 billion.

Now, they are going to let go of more than 4,000 workers.

They are also closing three smaller advertising agencies and combining them into one.

This is happening because they want to save money and become the biggest advertising company in the world.

Before this, both companies had already laid off thousands of workers in the past few years.

The governments of India, Australia, and the EU have said it's okay for them to do this.

The advertising industry is changing because of artificial intelligence and big tech companies making it easier for businesses to create ads.