{ "media_type": "text", "post_content": "Are any agencies doing Q2 layoffs? It’s been quiet, hopefully that’s a good sign", "post_id": "5ede60aacf536e001aec21b5", "reply_count": 2, "vote_count": 3, "bowl_id": "5565cfca8b2b9a03009acf57", "bowl_name": "Advertising" }

Are any agencies doing Q2 layoffs? It’s been quiet, hopefully that’s a good sign

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Yes they are coming. If they don’t, then a miracle has happened. Which would be nice. But not likely. Not convinced? Just look at the math. Nowhere does a 5 or even 10% staff reduction get you out of the red when you’ve lost 30+% in revenue. And... they’ll be closer to Q3. Look out mid July for another blood bath.

There will be more furloughs, we’re doing a round this week. Not laying anyone off though.

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