Anyone else worried about the future of advertising with all of the recent layoffs? Or is this a standard thing?

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Standard thing: happens twice a year: beginning of Q1 when clients don't sign scopes of work, and end of Q3 when they run out of money.

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Publicis is downsizing all of their agencies. After the failed merger with Omnicom everything has been been setup to sell Publicis. Arthur was put into place to make Publicis look appetizing to be bought. Plain and simple.

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It's a very normal cycle yes. That's why it's good to be a team player, ready to jump into anything, not complaining and watch your Utilization.

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Leo, is this opinion or have you seen the plans?

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Ahh.

Seems more aggressive than previous years to be honest. I'd be extra aware of those SOWs and quarterly budgets

Who's laying off?

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