AD Agencies
ad:tech: Marketing startups to pitch for Nestlé pilot
MUMBAI: For the first time in India, ad:tech is bringing their global initiative “The Next Big Thing” to the country in collaboration with Nestlé India. The Next Big Thing intends to build a platform that brings entrepreneurs and marketing leaders together and kick start collaborations. This pitch and award initiative gives startups an exclusive opportunity to showcase their technology, win a fully funded pilot with Nestlé, as well as the coveted recognition of The Next Big Thing.
To participate in this challenge, start-ups can view and apply to the marketing briefs developed by Nestlé. The shortlisted submissions will be judged by a jury comprising of Nestlé India’s top management, venture capitalists and technology industry leaders.
Speaking on the announcement, Nestlé India head of communication & eCommerce Chandrasekhar Radhakrishnan said, “Technology is disrupting businesses and the startup ecosystem is flourishing in India with entrepreneurial spirit and other positive environmental factors. This provides a great opportunity for brands to engage with these startups and try solving business problems through technological solutions. The Next Big Thing in partnership with ad:tech is one of our efforts this year to participate in the innovation ecosystem in India and work with start-ups to delight consumers and strengthen brands. Through start-up outreach programs such as this one, we will combine the creative spirit and ingenuity of external innovators with the scale and expertise of the world’s leading Nutrition, Health and Wellness Company.”
Commenting on the partnership and initiative Comexposium India country MD Jaswant Singh said, “Leading brands and agencies across the world are looking for more innovation, and we’re extremely excited to partner with Nestlé for ‘The Next Big Thing’. We strongly believe that The Next Big Thing will be a great platform for start-ups. The design philosophy of ad:tech is to constantly innovate and serve the needs of the modern marketers. Through this challenge, start-ups have the opportunity to showcase the latest technology and most ideas in front of Nestlé and digital media professionals.”
The registration for The Next Big Thing will be open till 13 February 2017. From all the submitted entries, 10 start-ups will be selected by a jury to take part in the final pitch event which will be held on 10 March at The Leela Ambience Hotel and Residences, Gurgaon.
AD Agencies
WPP to cut jobs in £500m restructuring drive as revenue drops 8.1 per cent
CEO outlines reset after 30.1 percent profit decline
LONDON: WPP has signalled further job cuts as it embarks on a multi-year restructuring aimed at simplifying its sprawl, hardwiring artificial intelligence into its services and hauling profitability back on course.
The UK-listed advertising group will fold itself into a single integrated company structured around four divisions: WPP Creative, WPP Media, WPP Production and WPP Enterprise Solutions, under a plan to deliver £500 million in gross annual cost savings by 2028.
On the fourth-quarter earnings call, chief financial officer Joanne Wilson said the arithmetic was unavoidable. “In a business where most of our cost savings are people, that will mean a reduction of certain heads,” she said, adding that the group would reinvest in newer capabilities such as commerce, influencer marketing and advanced analytics.
The shift reflects a deeper rewiring. As AI becomes embedded in client workflows, the skills mix across the company is changing. Some roles will go; others will be created. “We will be reallocating talent around the business,” Wilson said, noting fresh hiring in data, technology and performance marketing.
Chief executive officer Cindy Rose said WPP was expanding internal training, including AI coaching and creative-technology apprenticeships, and embedding engineers from technology partners into client teams. Continuous reskilling, she argued, is central to staying competitive.
The urgency is financial. Revenue fell 8.1 per cent to £13.55 billion in 2025, while profit after tax dropped 30.1 per cent to £738 million. Staff costs, including severance and incentives, declined by £576 million as permanent headcount shrank 8.7 per cent and freelance spending fell 14 per cent.
Wilson warned that net new business headwinds would likely persist into the first half of 2026, citing cautious client spending and volatile marketing budgets.
On Thursday, WPP formally launched ‘Elevate 28’ a strategic programme to integrate media, creative, production and enterprise services, lower the cost base and improve cash generation.
Rose said 2026 would be about stabilising net new business performance. By 2027, a revamped go-to-market model should be fully embedded, paving the way for a return to growth. From 2028 onwards, WPP hopes to operate as a leaner, AI-enabled outfit with fatter margins: smaller, sharper and more machine-driven.
