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Creative at MediaCom NYC. Thoughts?
Who's got the most fishbowl points?
Which agencies are going through layoffs
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Doubtful. Trump keeps trumping and the markets keep tumbling. And the first thing most companies cut in bad market times is, well, us...
Chief
Also people usually don’t start new businesses when there’s so much uncertainty in how laws are enforced and applied.
Not at all. All the “Trump will be good for business” optimism after the election was always nonsense. Stock prices are down, GDP has slowed, international markets are tighter and hostile from tariffs, companies are culling headcount which is driving up unemployment and pushing down consumer spending…it’s all bad news because conservative economics is about enriching the few at the cost of the many.
Chief
So. I will say this to all of you. Things don’t look great, and this incompetent administration will be here for another 4 years in the best case scenario.
However… nobody truly knows how things will shake out. I’m a freelancer and I had a really strong start of this year, which I was not expecting. It could’ve been just luck or an unusual coincidence. But remember when the pandemic first started and we all thought we would WFH for a couple weeks while this COVID thing would blow over? Then we all got a sense of how dire a global pandemic would be. Then agencies started laying people off left and right. Everybody was losing their jobs… and then when everyone was sure of a recession, retailers had record years, agencies were fighting over freelancers who were charging rockstar rates.
Nobody… and I mean nobody… predicted that.
So… you never know 🤷🏻♂️
Chief
So we’re at what, year 3 of down market?
Fall of 2023 is when the “don’t hire anymore freelancers” mandate went out, in my experience.
No I'm doubtful on that
We’re nose diving into a global recession. The job market will be terrible this year.
i hope
Maybe if the mass layoffs continue and it leads to more indie agencies, but not really tbh
that sucks. sorry to hear that but companies being cheap/unwilling to give raises doesn’t mean there isn’t money out there for people to start their own thing. Theres a lot less hands in the pot without holding cos
Damn! I got really depressed 😔 after all this. I’m sorry we are all going through it
I wish you the best!
Dont get your hopes up. It’s gonna be a down market all year.
Nope, anybody working in media should be mindful that AI will replace them
Rising Star
They said that about Q1
Nope
Nope, not optimistic at all. Hopeful, but not optimistic.
Lmao no
I think you’re right. I’m trying to be optimistic!