Insiders suggest the live events arm of design agency Fitch, part of Martin Sorrell's WPP empire, has had a difficult time during the credit crunch.
The latest financial figures for the firm are overdue, but figures from the years ending December 2006 and 2007, when the industry was relatively healthy, show a loss of £300,000 and around £1.7m respectively.
How many people will be made redundant has yet to be decided.
Fitch brought in Lois Jacobs last February as worldwide CEO having left her role as international president of Jack Morton Worldwide.
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