I have awesome creative work from a client that has fallen into scandal. Specifically, they were a recently acquired beverage company who’s CEO was in a sexual scandal and then the company went into layoffs and rushed get more investor money to try to salvage the business. Needless to say, it didn’t work but the brand got sold to some super conglomerate.
Anybody has had any major client business related fails. For me an interesting one was we questioning CEO why they have not done (a rather obvious) cross sell to which he actually replied ‘we didn’t get around to it, but that feels like a good idea and an opportunity’ it probably costed the firm about 10-20% in profit p.a. for 10 odd years. I was amazed and horrified at the same time that he said it coz I would have been fired for much less
Watching 50 Shades, if I were *that* unprepared with a meeting with a CEO, I would have been fired/dismissed on the spot, smh
Can somebody please help this person stay off unemployment welfare?
I work for a small boutique firm with ABYSMAL and TOXIC culture. The CEO has a habit of firing anyone who questions/disobeys him (he fired 40+ consultants since concis started)
5 consultants (incl myself) quit in the past 2 weeks leaving the firm with less than 10 consultants. I’m loving this karma
Regular person goes broke in the pandemic: 4-hour food bank lines and eviction.
Company goes bankrupt in the pandemic: employees get laid off and the CEO gets a seven-figure bonus (that's not hyperbole - here's a partial list of companies that have done just that):
Amazing breakdown of everything that was considered leading up to layoffs and INCREDIBLE severance package.
Companies, if your messaging is not like Airbnb’s, pls fix
Sooo we just had a town hall with the managing partner/CEO and I don't know if it was intentional, but the background was his MASSIVE, palatial country/vacation house. Am I wrong for feeling that this he was a bit out of touch? Especially since many of us associates are still scrambling for work and we're under constant fear of being laid off.
If you believe The NY Times, PLEASE stop accepting low ball offers (staff and freelance) and agreeing to significant salary reductions going forward. Only those in the c-suite benefit, not any1 else https://www.nytimes.com/2020/07/29/business/economy/ceo-pay-pandemic-layoffs.html?action=click&module=News&pgtype=Homepage
Crispin has layoffs a couple of weeks ago. They announced it at a virtual town hall. The CEO did the usual “good people, hard to see them go” routine. Then he pivoted to the fact that he had safely made it to his Swedish vacation home and proceeded to walk around with his laptop and show it off to everyone.
Accenture CEO said on earnings call that accelerated performance cycle will help manage low performers at greater pace if need to pull levers.
More layoffs are incoming soon.
About last layoffs, we didn't do any layoffs it's cost adjustments mostly in operation centers and restructure due new growth model. 🤷♂️
How reliable do we think the Deloitte Tax CEO’s “intel” is on the other Big 4 doing layoffs?
I got laid off because of covid and need to discuss the severance package with my ceo tomorrow. Company offers 6 months, I want more as it probably will take much longer to find a new job.
Any tips for a conversation like this? I’m normally a strong person related to my work but feel very uncomfortable and uncertain right now. He is a good talker and I’m afraid he will walk all over me.
Not sure whether this was shared before. What are the other consulting companies with Covid related layoffs?
Here we go... wonder if the US firm would’ve had it easier had they rolled out voluntary flex arrangements at the same time as the Canadian firm. https://www.bloomberg.com/news/articles/2020-05-29/deloitte-consulting-ceo-warns-of-about-2-500-job-cuts
https://www.cnn.com/2020/05/12/investing/luckin-coffee-ceo-fired/index.html. Waiting for this sucker to start trading again.
Airbnb laid off 25% of their company. Their CEO’s handling of the layoffs is the most transparent, clear and humane handling of the situation I’ve seen. Execs on here, please take note of how this was communicated:
CEO is hosting a town hall on Zoom to say there will be no layoffs and no salary cuts and someone has just used the chat to ask for a stipend to buy a chair. This is why we can’t have nice things
Why are the only big-name layoffs Creatives? No agency president, CEO or CFO who left their agency unprepared is being fired?￼￼
Interviewing w/ IBM Watson Health...
Anyone have feedback on the firm / direction?
Curious about brand new CEO...firm has acquired a lot in healthcare recently, but also had major layoffs last year
Is it weird that my CEO has not issued any communication to the company about the impact of the pandemic and what we are doing? Meanwhile, people are being laid off, furloughed and taking pay cuts.
CEO’s out there guaranteeing no Covid layoffs, cutting their own salaries and creating employee relief funds. Aside from employee videos, which leaders in advertising are stepping up with actions?
Anyone else a member of bsc? Finally got an email from them today but no answer on how they’re treating recurring charges while they’re closed and read article that ceo laid off every single employee
Fyi, in case anyone is considering Away: https://www.cnbc.com/amp/2020/01/13/away-co-founder-steph-korey-back-as-co-ceo-after-social-media-uproar.html - sounds sketchy (slack messages for this!) and I wonder if people are getting fired internally
McDonald’s fired their CEO for having a relationship with an employee. How many agencies would have their leadership decimated if this was a rule in advertising?
Fired for a bullshit reason by a sociopathic boss so he could make a political play and hire a lady to look good to the CEO. He was promoted quickly after. Any tips for moving on. Still feel wronged
So I’ve had two interviews at a start up, one over video chat and the other was two hours long in-person with the CEO and the co-founder, but during the process I was laid off from my job (continued)
CEO: “You have a choice: Either toe the line and accept this is corporate America or...”
Me: “What’s the severance package?”
Me: “I’ll do that. Right, I’m off to the bar.”
Les Moonves won’t receive $120MM severance package
No matter how much good feedback I get and how well received my work is by clients, I constantly assume I’m about to be called in to the CEO’s office and fired.
Why is that?
Agency CEO: This is a family... but if our annual profits are only 5% instead of 7%, you’re fired. 🤔🤨
My company folded and the CEO fired everyone and only guaranteed 2 days pay... He was on vacation when this was sent out to the entire staff.
Admen are dropping like flies. http://www.businessinsider.com/vice-media-has-fired-carrot-creative-cofounder-and-ceo-mike-germano-2018-1
Sexism story: ceo calls team into office with org chart in private - points at all the female SVPs "they're really VPs but we call them SVPs for optics, let me know if you need them fired"
What was the thought process on who to layoff at Meta? My observation was that from data engineering and data sciences.. they didn’t lay off the entire team(s).. but, selected individuals only.
Do you work in advertising and have either gotten laid off or a pay cut? If so, was it only sensitive clients (ex. travel) or to all employees?
Given the Facebook (Meta) layoffs, how likely is it to have an offer rescinded? Starting in mid June which now seems far away but have an offer from another FAANG (higher TC too). Was going to decline but now I’m worried.
Laid off after Thanksgiving. 54. Not done yet. Plenty to offer. In Detroit but ready and able to move anywhere. AD/CD. Hangin in there. How bout you?
Any funny Glow Ups? This person in my previous company/local office got fired as an associate and everyone talked about how awful she was & generally didn’t treat her well — later on she’s a director at one of their key accounts. Watch out who you treat like dirt.
Should we be worried about layoffs/firing? Just started a new job and haven’t had time to demonstrate performance before the working remote hit so am a bit nervous
I got laid off today and need a new job asap. Would love to connect with anyone looking for a junior writer.
My firm pays staff & seniors hourly, with 1.5x pay for overtime. Firm just cut our hours from the normal 58-60 down to 40 a week for the foreseeable future. Should I be concerned about layoffs?
Got a few emails this week about PwC looking to hire, specifically looking for assurance associates and seniors. I know there’s been some layoffs in B4 recently, so if you’re interested, message me and we can talk referral.
Seeing all these Deloitte "tellyourstory" posts on LinkedIn and no one is telling their story about the forced pay cuts or unnecessary layoffs.
Sebior associate just got stealth fired from a V10 (i.e., there's no business case to promote you in October out of the associate pool because of COVID). Will likely be given a formal recommendation to look elsewhere in September but it seems clear their mind is made up. Any advice? Is there any value in considering an employment lawyer re severance etc? Not sure whether to apply now for jobs ideally starting early next year or to wait and take some time off completely.
In the S&O practice and have not been staffed since mid March. Since then been doing 50-60 hrs a week on BD (I’m a Manager for reference). Utilization was around 100% back in March currently 70%. Great reviews in Lead liked by colleagues etc. However the past few weeks have been quite depressed as I’m worried I’ll be laid off. Took a week off to take a mental break but can’t seem to relax at all (lockdown + lack of childcare isn’t helping) should I start updating my resume?
What are the reasons partners get fired (besides sexual harassment and expense report fraud)? What keeps a partner from coasting and raking in the bucks?
Strategies for getting laid off during the coronavirus epidemic? I've been thinking of leaving anyway, and the additional package + likely government programs providing further aid seem a good time.
Any reliable and cheap body repair shops? My wife scratched the driver side mirror and door handle off the vehicle. Looking for repairs in ATL on my Toyota Camry 2017.
Happy Friday, Teachers! What has been the best/most interesting teacher appreciation gift that you have received this year (or ever)?
Is Deloitte London big in the FS space?
Does Comcast pay any allowance or provide any additional facilities for work from home? Eg: paying for internet? Comcast
LOOOOOOOOOL god I love New York