Are layoffs starting to happen?

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At tech companies and startups, it seems to be almost daily. Haven’t heard about agencies yet.

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Starting? When exactly did layoffs stop happening?

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If the economy can’t handle moving interest rates from an accommodative to a neutral setting then that’s a worry. Although money set at 0% is way more than accommodative - and that’s probably where the issue is. To have had trillions of dollars of nearly free money slouching around looking for yield; which went into the stock market, crypto, nft’s, real estate, and anything that resembled an investment.

We can only assume that an interest rate that was once considered neutral (2.5%) is now considered restrictive. Why? Because there’s just too much debt in the economy and we’re all addicted to cheap money.

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Just adding to above we went from 3T in debt to 30T. Now with interests going up many companies who over leveraged will belly up. And somebody will need to pay that bill and it won’t be the richest.

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Ad bowl please stop fretting about the economy, most of you don’t know what you’re talking about and are endlessly worrying over nothing aaaaaaarrrrgggghhhhaaaaaaaaaaaa!!!!!!💩💩💩.

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Lol

I've only heard about Netflix and then big tech companies. Worried that the wave is coming, and soon.

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I was wondering the same thing. One more Fed tightening and we are straight into a recession.

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No. We aren’t.

Nobody is safe for the next 2 years. We spent a lot of money that didn’t exist. I feel deeply sorry for retirees of this time.

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Just imagine getting a 40% paycheck cut, now apply that on top of your life savings. Have some compassion. What’s about to come will make people miserable.

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Some companies but not most. I wouldn't sweat it. Its not something you can control anyhow.

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Big tech is slowing down on hiring, but projects and accounts associated with it via agencies haven’t been touched (yet). If it’s for start ups, crypto or younger tech companies, I wish them the best. It looks the most volatile.

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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!

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December layoffs anywhere?

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Having trouble landing a decent job, I am 4 years post bachelors, environmental science. I can not seem to land a job above minimum wage. My last position (horticultural assistant) found myself taking on a good amount of projects that were being left unfulfilled, due to coworker politics (a few co worker’s wanted to see the supervisor fall short of expectations) in addition I had difficulty with my manager( sexual harassment) I rejected their advances, and I was laid off in December

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Follow up post to my last post…My husband was laid off from the company where I also work. I am feeling really isolated / depressed about working and moving forward. I’m also getting to a stage where I’m really sad that people haven’t reached out to either my husband or myself to send well wishes or provide support. It’s like they don’t know what to say or I make them feel awkward so they don’t bother…I’m trying to focus on a few that have been supportive but it’s hard…Any words of advice? 😞

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Looking for advice. Submitted Reasonable Accommodations to HR three months ago, and instead of accepting/negotiating, my company fired me. Aren’t they required to engage in an interactive process with me?

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Throwing this out there. My company was recently acquired and I was laid off yesterday. I’m currently 6m pregnant so looking for a company that isn’t going to have a problem with my giving birth in 3m (looking for a miracle). 13 YOE in Marketing (Brand, Digital, Product, Ops). You name it, I’ve probably done it. Team management exp but not required in next role. Just looking for 100% remote, flexibility, and company that puts families first and won’t give me a hard time about doctor appts 🙏🏻

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Want to warn stakeholders that their hostile, posturing emails with our main client CC'd is only going to backfire (main client ❤️ us). emails will no joke prob get some of them fired. #restructuring

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Grey Merge with AKQA, VMLYR merges with Geometry. Are those „mergers” just the coverups for potential wave of layoffs?

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With so much uncertainty in the economy and waves of layoffs that have hit tech especially hard... do we think there's really such a thing as a recession-proof job anymore if you're not an "essential worker"?

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Did Epsilon just go through a round of layoffs ?

We’re in such a vicious business. You give your heart & soul to an agency, a client, a brand. Then the wind changes & you’re laid off, reassigned, chewed up, spit out, on to the next. I’m tired.

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Hello All,
I got selected in kpmg india and its been more than a month ,I hv not been alloted any project, what should i do ,should i keep my options open outside?do they lay off?

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Having tough time deciding between IB & Consulting. My thought process: I have a "better" background for IB (TAS/valuation) and with tech layoffs, this might push more potential would-be tech applications to pursue consulting (there by increased competition)? Additionally, you can do IB intern and full time consulting but not vice versa. I prefer consulting, but IB seems like the "safer" option? And if consulting does get hit hard, I would hopefully have a full time IB offer via internship.

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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

I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?

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I’m quitting my job tomorrow morning. I don’t have a new job lined up. I’m scared, but also excited? I’ve felt under utilized for months, and haven’t had a promotion after two years. I never take risks like this, but life is too short. Is this a bad choice?

likeupliftingsmarthelpful

So, lay off until the pandemic blows over.

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Resume question I've had three positions over my career one of which lasted 3 months and that I got fired from, the job search took an additional 2 months. Is it worth it to leave the 3 month stint off my resume? It might be easier to explain getting fired then a 5-month gap I was thinking

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Anyone know any biotechs/Pharma (ideally oncology-focused) that are looking for a VP (or even SD for the right TC) of BD/CorpDev and allowing for remote/travel models (if not Boston-based) or at least a Boston-based hybrid model? I know someone with good biotech/Pharma BD&L experience that is looking for a new role given the current biotech layoff scene. Feel free to share any company names with open roles or DM, if preferred.

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Got the letter.

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Hi Fishers
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I was interviewing with IBM consulting for the role of Senior Data Engineer and ended up with the recruiter scheduling a comp call tomorrow..Wanted to know if it will be worth switching to IBM from Uncle D..Can someone throw some light regadjng IBM consulting work culture..I have 6+ years of exp in data engg/data analyst domain.Also what would be an ambitious ask regarding comp perspective.
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Going in for an interview I'm not sure I'm qualified for. I would work harder and try harder than anyone else. How do I find the confidence before the interview to know I'm worthy?

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Who has more earning potential: Creatives or Producers? Talking about two aspects: mid-career salary and lifetime earning potential? I feel like producers peak earlier but creatives have higher max?

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Who’s negotiated severance? Any tips?

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Chicken wing wearing a seatbelt.

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likefunnysmart

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 ?

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Has anyone been able to negotiate anything extra or terms when being laid off?

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Working on a long term brand platform, which had the potential to be a really stellar, powerful body of work.

Sadly, it's being driven into the ground so hard by stakeholders that I have no love left for it. It's slowly becoming an embarrassment.

How do you go about this? Do you just swallow your pride and just take the paycheck? Try to fight for it tooth and nail while you still can?

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

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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?

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What big moves/life changes are you guys making in 2020?

likeuplifting

Is anyone expecting agency layoffs at the moment?

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Why did you pick your firm? -for those fortunate enough to have options coming out of recruiting or a prior job, what tipped the scales for you?

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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

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So I'm in a weird space at the moment. I've been interviewing with a lot of agencies in the past couple of months, and I keep getting the same response of "I need more agency experience." How am I supposed to get that experience if one of the things holding me back is not having enough agency experience?

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I’m looking for some new things to read or listen to — doesn’t need to be ad-related. Books, podcasts, whaddya got?
I’m not really into fiction, but open to anything. Last books I enjoyed were Junior and Moonwalking with Einstein, last podcast I binged was Startup (Gimlet).

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Do you think remote hires are less safe when layoffs come or is that an old school mentality?

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Hi friends of fishbowl! A year ago I told myself no more agencies. Then I got a job at another agency and I’m basically hating my life more than ever right now. This place is not good for me mentally and I’ve only been here for 90 days. I should’ve listened to my gut but here we are. So my question is what job titles should I be targeting as a senior project manager if I want to go to to client side?

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