Another mass layoff from Rethink! Looks like production and account got hit.

helpfullikefunny
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Three of the biggest, oldest and most notable agencies folded into each other which we all know will result in unfortunate layoffs. This isn’t a Rethink thing…it’s an industry thing since the beginning of time…

like

Sorry to be the bearer of bad news, but this is how the industry works.

Recent IconRecent

It’s really gross how lay offs are talked about here. It’s never “sorry to hear about lay offs at X Agency, I hear so & so is looking”, it’s always a gleeful “gotcha” especially when it’s agencies like rethink. Like you either work there or know someone there and your first reaction is to post on Fishbowl? The laugh reactions are especially gross. Seriously guys go touch grass. You’ve all lost the plot under the guise of anonymousness.

like

I don’t think LinkedIn, not under the guise of anonymity, has said it better than anything I’ve read here. I think it’s both okay to say that layoffs are a fact of the industry, the biggest change is the job market which sucks. Rethink isn’t immune to that and that’s why people are reacting. Don’t get upset because people who have been continuously let down by this industry finally have a space to talking about how toxic it is.

like

It’s the responsibility of the agency and business leads to properly forecast and reforecast when client budgets shift, exhausting every option before resorting to layoffs: redeploying resources, temp pay cuts for execs, reduction of non-essential expenses, prioritizing paying clients…

All of which are probably happening in varying degrees (?), but it’s still disappointing to see such a successful agency have no other option than rolling layoffs.

Every shop is seeing budgets get slashed but if the solution to every client windfall is consistently on the backs of core employees, I wonder how long before the industry moves away from the FTE model altogether.

likeuplifting

Freelance is more free than full time and that is a fact.

Sorry to hear that. Hope everyone land on their feet. At least it’s the summer.

like

Cannes expense reports got submitted

likefunnysmarthelpful

Right on cue.

Independent AOY at Canning people.

likefunny

I don’t know how their Partner group sleeps at night.

like

They probably sleep soundly, counting dollar bills in their sleep

like

I think it’s just a way to get rid of people who are under performing

like

Here you go.

https://letmegooglethat.com/?q=high+performer+definition

like

It’s SO bad out there. Networks and Independents. Nobody is safe. In Toronto. Or anywhere.

like

I wonder...

Post Photo
like

It’s not. It was different people (who posted vs who was let go)

likesmart

Define mass?

6 or 8 people isn’t a mass layoff

why is it everyone but creatives at rethink. Accounts, production admin. Never creative.

Back in April they let go of some creatives. But this was in Vancouver office.

Well said.

Related Posts

Deloitte people. I confirm layoffs of 4 ranked individuals and this year it's been hard rankings. Many 3s forced into 4. I was on the calls. Beware. Not trying to scare. Sharing facts.

like

Hi Sharks,

I got an offer from FTD for permanent work from home. But i am not sure about the company.. Also the market conditions are bad too.. There are many layoffs from various companies.. Looking for suggestions..

like

Can any ACN fish refer? Firm issued a wave of new hire layoffs which happened to affect me.

like

Have a big interview tomorrow. The question I dread the most is about why you’re looking for a new job. The honest answer is that there isn’t enough work to go around at my agency and I want to get ahead of the inevitable layoffs. What’s the best way to tell them this? Do I just make something else up entirely?

like

Wow! What a day! What type of company starts layoffs right before the holidays? Lost my job this morning and I am stressed out. Is there any chance of finding a new job before the holidays? I'm doubting it.

likehelpful

Anyone stealth layoff, stealth layoff? I heard stealthier layoff. They gave stealthed layoff stealth layoff. Stealth layoff stealth layoff.

likefunny

I am interviewing for a Sr. Program Manager role at Adobe. Glass door says ~252k. What a typical base would be? How does adobe feel in the market right now as far as layoffs and expansions?

like

Is Paytm payment bank a safe option to join? Heard about the layoffs, poor wlb and culture. Genuine reviews please?
Paytm

like

Is it normal to negotiate for a bigger severance package if it happens within the first year? Because Meta may have something for me but TBH I'm nervous about their hiring freeze news.

like

Hi, what is the hire and fire policy in BAContinuum. Are they laying off people or did in the past?

like

Is it safe to join PWC india at this point of time. Are we expecting any layoffs?

like

Do you have any tips/advise for someone who was laid off recently and early in their career?

like

Has anyone working tech for a bank been laid off yet? Tech layoffs all over the media but no one is talking about developers at banks (who make up 1/3 of headcount in some cases)

like

Hi,
As of now I got into PIP so does it indirectly means that i will be fired.?

I was informed today that my employment would be terminated at a tier-2 consulting firm in Toronto. The reasons for my dismissal are unclear and I would like to get legal advice on the termination agreement and severance package that was offered. Has anyone experienced a similar situation and can refer a good employment lawyer?

like

I am seeking new employment, I was recently laid off due to lack of work. I would very much appreciate any leads. I have a Bs in Construction Management and over 15 years experience with Revit and AutoCAD and 7 years of plumbing design. I have solid references and impeccable work ethic. I truly enjoy what I do. Working remotely the last three years has become a way of my life and supports our current situation well, therefore I am seeking a similar role but will consider other opportunities.

like

If you get laid off when you’re in the middle of an interview process elsewhere, do you tell the prospective employer?

like

With a recession around the corner - two questions:
1) will there be layoffs at Deloitte? My concern is we hired so much ppl this year.
2) will there be more work in org design? Just saw the Robinhood 9% workforce layoff announcement.

likehelpful

After 10 years of working as a FTE PM/producer I’ve now been laid off (thanks Covid) and am looking to start freelancing for the first time. What advice do you have for a new freelance PM/producer?
Also, what kind of insurance do you take out as a freelancer?

like

More Posts

Is there anyone on here that tips on how to do a resume for a Federal position on USAJobs? Anyone has knowledge on having a Schedule A letter considered?

like

Heading to a factory to help the stabilize the front end. They have many workstreams for items downstream but don't realize they have to be stable up front first. We shall work on that.

First round of Provera and Letrozole complete but I’ve been spotting/bleeding for 11 days after taking the Provera to kick start a cycle. Would love to hear others’ experiences with these pills!

like

Question : I want to change career from a support engineer to sales. Is that possible ? I have 4 YoE in technical support and want to change to sales.
Any ideas where to start, and what positions I should be looking for given I have not worked sales before ?

like

Is anyone hiring senior producers anymore or are agencies and clients just hiring cheaper younger producers since budgets are shrinking?

like

I prefer green though

Post Photo
likefunny

Sorry if this has been asked ad nauseum around here, but can anyone recommend a really good (yet easy and basic) skincare routine? Specific products/brands would be really helpful.

Mid-20’s here. TIA, I really appreciate it.

like

My Fiance wants to get into marketing. We're moving to Florida from Japan in July and she is Filipino with a communications Masters degree but has mainly only taught English for years.

Is there any advice on how to get an entry level marketing position and what the starting salaries are like (preferably in south florida)?

like

Any views on RNIP program, is it worth considering it to move to canada

like

How difficult/easy was it for you to land your first job after receiving your Bachelors? What do you wish you did differently? What is something you are glad you did?

like

Anyone here has experience with a WAAP?

like

Hi Fishes,

Can anyone please refer me in
Sun Life Financial gurgaon, i am having job I'd with me . Any help will be really appreciated.Sun Life Financial

like

Chris Wallace needs a taser

likefunny

I recently joined Grindr……. 😵‍💫

like

Is freezing eggs allowed in Islam? Anyone have information on this?

like
like

I am currently working as a PayPal AWF/CW in contractor's payroll for the past 3 months. I heard many got converted from AWF to FTE. So what is the process for FTE conversion? Should I clear some Interviews? Also how much would the salary increment be? On par with regular hiring? Any minimum time limit of being in AWF before FTE conversion?

like

Would like to know what all is tested in pre employment health check up. Example- blood and other samples collected. What sorts of test they run. Which organisation does these tests.

Anyone have an amazing CPA for freelancers on the west coast?

like

If God is the Creator of all, and we are made in the image of God, imagine what echoes of his creative mind we can produce in our work?

#GetIt #BeEncouraged

like

Additional Posts in Ad fish in Toronto 🐠

What’s it like at Camp J these days?

like

How is John St these days for accounts?

like

Any creative directors (any level, CD/GCD/ACD) you would move agencies to work for or learn from? Who and why?

likehelpful

What’s your fave shop that integrates social/digital into their creative?

like

How is Black Taxi doing? Is it growing? Does it have many paying clients? I haven't seen any work or heard much.

like

Fully employed Art Director (agency) looking to pick up some freelance contracts on the side. Can this be done?

like

Who’s getting a bivalent?

like

Is anyone's agency currently looking for a Senior or ACD position?

Any advice for a freelancer on the best software to use to keep track of finances?

like

Anyone know of any NY Rangers bars in the city?

How old were you when you started making $100k+ salary?

like

Creative directors, what is your salary and how many years have you been in your CD role?

like

Just want to say Wah-tf?

Post Photo
likefunny

Anyone in Toronto looking for a CD? I need to make a change. Agency or in-house (if the in-house is cool.)

like

What is the general salary range for a Sr. Account Associate / Account Supervisor at a small agency with 7+ years of experience in Toronto?

like

Anyone interested in Theo v2?

Post Photo
likefunny

Hey there Fishbowl community,

I’m planning on moving to Canada, Any advice anyone can offer? Also any suggestions on Job hunt? Can I find jobs out of Canada or I have to be in the country for better chances ??

How many days a week, if any, are your agencies expecting you to come into the office? (Either now or the near future)

like

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