Agency CEO: This is a family... but if our annual profits are only 5% instead of 7%, you’re fired. 🤔🤨

like
Posting as :
works at
You are currently posting as works at

I hate that “family” bullshit. I always think, What kind of family? A mean, dysfunctional, abusive and cold family who’d toss you out on the street the minute your existence became inconvenient?

likeupliftingsmart

You know who else loves to compare their organizations to “families” even though families aren’t supposed to make their members suddenly disappear when times get tough or somebody acts against them? Cult Leaders and Dictators.

likeuplifting

All agencies are businesses at the end of the day. Sucks to think about it, but if profits decline YoY and especially if there’s a holding company or investors involved, these things happen. Try not to be particularly loyal to a company... they’re not loyal to you.

like

I’ve never fired a family member over money.

like

As someone who advises CEOs on this kind of positioning, I am always surprised how many want to go down that road (which, 100% of the time leads to a mass divorce when they lose a client; and then they blame the children). It’s so easy to NOT set up this paradigm. But they f-ing love it. 🙄

like

a family where no one loves each other.

Related Posts

Morning! Being laid off sux, I been down this road 5x in my career it never bets easier.

Dust off contacts and make your rounds
* if you’re in a good position to take time off do some, seems we all need a mental break anyway

likeuplifting

Hello, I was laid off last Friday as a Technical Program Manager. Any advice on what to do or if you know anyone hiring Program Managers / Sr. Program Managers / Technical Program Managers?

I work cross-functionally with 10+ teams in the org mainly supporting Product & Engineering to create and launch product features.

Any input is greatly appreciated, thank you!

like

If I get fired while on OPT without getting my H1-B stamped, is it useless or can it be used in future for some other job?

like

Hi Doordash 🐠, has there been discussions of layoffs? Is DD planning on doing any? Thanks, from a potential hire

Do you think independent agencies will be in better shape to handle COVID-related client budget reductions and/or losses?

Or does it not matter and layoffs are equal across the board?

likesmart

It’s so nice that every agency laying off people, have those left standing (and other agencies) trying to hustle jobs for their unemployed friends, but there are also a ton of people who were unemployed prior to Covid...so no severance, job hunting lot longer, and not earning income for longer time...hurting even MORE due to quarantine.

likesmarthelpful

Deloitte FL/PR is turning into a joke.. if firm morale wasn't already suffering from layoffs, they increase minimum hours through December while half the offices are unassigned. Abandon ship.

like

I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

like

Hi everyone, unfortunately I was recently affected by a layoff at my company. About 30% of their marketing department along with other departments were all let go. I have 3+ professional experience with product marketing, digital marketing, and event management. If you know of anyone looking for marketing specialists or just want to network in general let me know. I would love to connect!

like

Is there a possibility of layoffs in Barclays India?

like

Got laid off on Friday. Three days and I'm already bored out of my mind. Besides Jim, what are people doing to pass the time in between job hunting?

like

Deloitte US just announced layoffs. Any other B4 started layoffs too ?

like

Just fired my therapist. Feels better than it should

like
like

Dad got laid off. Drinking got worse. Attempted assault on sis and mom. Had to put up in hotel. No clue on next steps (legal and personal). Project is complete shit show and SM is not getting it. Idk man...

like

How is the job security at Delta Air Lines ?
Do they layoff frequently?

HR had mentioned there were no layoffs at tech during the pandemic.

like

Was laid off in Sept. Unfortunately we will be seeing many more coming. It's what happens in a recession. Unfortunately I now also have my age against me. Not in a mentally good place at the moment.

Why do some people get laid off and others not? Is it always utilization? Do people typically know they're at risk before it gets to that point?

like

More Posts

What is IBM CIC salary range in Leeds for band 8?Any insight into CIC UK salary will be helpful.

Can I negotiate my entry level offer from EY? Or is that not gonna happen / look bad. I’m a campus hire.

funny

Does anybody any idea about the job role and the career opportunities of an language interpreter in Teleperformance?
I'm not having any prior experience or knowledge about the above mentioned job role? Any suggestions will be highly appreciated.
Thank You

like

Wow. I finally got a standing desk and it is LIFE changing 🫶

like

PwC has provisionally cleared me to join the firm first week of Jan. What does this mean? Can I start working with them even if the background check is still running in parallel? Can I quit my current job and expect everything to be cool? They said it's taking them longer to verify education and previous employment. Both of which are international.

like

What's a median salary (considering all US employees) for big 4, Accenture, MBB and FAANG? Is 200k for big 4/ACN, 300K for MBB, 400k for FAANG a good ball park estimate?

funnylikesmart

Is it true new partners at PwC are making 550-600k? Are there big differences in Partner Comp between Big Four?

like

What are IT audit/assurance director/SM salaries and year in NY metro? Looking to make a move to other big 4 and want to get an idea of range.

like

I just found out that people bill more than 8 hours in a day to help with utilization (ie. submitting 8.5 or 9 hours as a standard day). Is this common practice?

likefunny

Hi I need 11 reactions to open DM,
thank u

like

Hey KPMG how is life in the FRM advisory? Got a job offer from them

like

For EY experienced hires, how long did you guys receive 2nd round/office interview notice from the initial one?

like

I am so glad women are speaking up about harassment. Like Matt Lauer...

like

Did someone get fired in the new manager training in Orlando after getting drunk?

like

Guys I'm confused, do we have an IRA account with PwC or is it just 401K?

like

Whoever said mixing scotch with anything is wrong - think again!

Post Photo
like

Need 11 likes to start DM please

like

hi, i forgot to fill timesheet for 1 day and my cancel request also approved my manager. but still i cannot able to fill that missed day. its showing as 0 only. what can i do ?

like

Good evening sharks,

I'm an abaper. Can anybody share BTP learning path/road map? How to start? Please share how's the BTP scope.

Thanks

like

Hi fishes,
Anyone know what is subway account in Capgemini?

like

Additional Posts in Advertising

TBWA NY layoffs today.

likehelpful

Are the ideas that hit you right away ever better than the ideas that come through hours of banging your head against the wall with your partner?

like

If you could ask a partner of your firm any question anonymously, what would you ask?

like

How long does it take to hear back from an agency interview ?

like

Can a robot really do your job?

like

Are there any amazing creative directors in Minneapolis? I need someone I can believe in if I'm gonna move there.

like

Any senior art directors at NY agencies looking for a new partner? Pref someone at BBDO, DDB, TBWA, Droga, Wk, Mother, T+S.

funny

What agency is doing the new Twizzler ads?

like

Pretty excited to get back to the hustle on Tuesday... this break was really nice and much needed but I'm feeling a little antsy to get moving again. I can't be the only one ?

like

So by how much exactly does W+K NY lowball creatives? Any ranges for senior creatives or CDs?

like

Getting pushed to do account work as a PM is making me want to scream. And the bullshit let's align on PM expectations meetings when I'm doing my job is driving me up the wall. I'm doing my job....YOU aren't.

like

Can we please be done with vertical video? It’s completely opposite the human field of view, looks horrible, no camera other than a cell phone shoots it. Seriously dreading IGTV.

like

Can you tell / sense that you’ll get the job after an interview?

I’m like 50/50

like

Anybody have any tips on how to go about the relocation conversation? I’m looking to move out of the city with our main office to a city with a much smaller office. With post-covid office culture I can’t imagine it’s that big of an ask. That said, I’m in a junior role and have been with the company for less than a year so I don’t know if this is a question I should really even ask at this time.

like

What small or mid sized NYC shops are doing good work right now?

like

Honest question, can fishbowl actually help resolve and navigate the challenges, frustrations and realizations we face as an industry? Or more just a place to vent?

like

Managers - do any of you have the ability to check in on your direct reports’ webcams without them knowing to make sure they’re working? The green light next to the camera keeps lighting up on my company computer and I’m getting paranoid haha

like

Has anyone tried LinkedIn Premium while on a job search? Is it worth it, would you recommend, and why?

like

What does this even mean?!

Post Photo
likefunny

I read a lot of posts here about difficult bosses, difficult clients, difficult partners, terrible briefs and terrible agencies. All that might be true. But it’s getting old. What I’d be interested in hearing about are the stories of how people have overcome the challenges. How did you sell that big idea? How did you fix a relationship? The world is not going to get easier. So maybe we can help each other get better at dealing with it. Who had a win recently? How did you do it?

likeupliftingfunnysmart

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal