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Thought this was interesting. Across 160 teams of researchers, just about all failed to make good life outcome predictions on things like GPA, evictions, layoffs, and others. Data followed 4.5k families across 15 years, with 13k features (varied over time). Haven't looked at it directly yet, but will be turning the docs and data inside out... In the meantime, authors claim this as showing the limits of ML. Oh, and it's published in PNAS, so you know there's some big publication energy there.
https://www.pnas.org/content/117/15/8398
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Some agencies started layoffs at the very beginning. Others held out as long as they could. So they are all on different cycles. I’d be surprised if any agency makes it to the end of the year without any.
Red Tettemer O'Connell LA is shutting down, but after 4 rounds of agency wide layoffs over the past year, the LA office was down to only 2 full-time employees anyway
Who's that now?
No layoffs at WD so far, just furloughs. As in, they haven’t been made permanent.
Thanks for the clarification.
Grey just laid off all the people they furloughed in April.
Not sure of the numbers.
Rising Star
Oooooo they coming
Where?
Rising Star
Havas too and some pharma
WD layoffs feel like tip of the iceberg...
Chief
Have any agencies folded completely yet?
R/GA is alive and well in SF, winning business and making work. We are exploring new office space for 2021.
Rising Star
Drum closed.
They will be happening for the next year. We're entering a recession as you can see by the markets right now. This is just the start.
They furloughed them but hope to bring them back when they can.
Rising Star
14 @Wongdoody!!!! That's like 80% of that agency
I don’t think Tracy has much say in things anymore... it seems to be more and more how to please the infosys machine.
Multiple layoffs on Friday in entertainment marketing agencies (trailer shops). Mocean and grandson for sure that I know of.
In Europe yes, plenty
Chief
Grey NY just let go of the majority of their furloughed employees, being very cagey.
The airlines industry laid off more than 400,000 people.
Richard Branson kept his words to keep everyone in Virgin Airlines. Good man.