Big layoffs at CP+B today, I hear. ☹️

likehelpful
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I’m not at all surprised considering what’s gone down there (even outside of COVID) with Bogusky leaving again, no new biz wins in forever, the whole merging/kinda with 72 thing, etc...but still, even for a sad shell of its former self, hate to see layoffs. And not at all shocking to see the people at the very top are not taking pay cuts or doing anything to save their “teammates” jobs. Bumbling leadership has gotten this agency to where it is. All surviving like cockroaches...

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Merger, constellation, whatever it is...is desperate window dressing. Boulder has been rudderless for a few years now, even with AB there.

Same with ddb

likehelpfulsmart

So they’re just laying people off? Has leadership taken a pay cut or have other employees been asked to go with lesser pay?

Here comes the advertising tsunami wave 🌊. My husband worked for a startup that places ads or something like that and the ad spent dropped by 30% in the last month so they laid him off on Monday. Just sets up the scene on what’s kind of going on.

likesmarthelpful

..and here's me only dating other creatives exclusively. Call me shallow, but the work talk is big in my house. On the second thought, maybe that's why I'm divorced 🤔

funny

Are none of the firms out there applying for the SBA and PPP loans? Aren’t they supposed to be explicitly to allow companies without revenue right now to maintain payroll? Or are most the firms too big? Could we see a proliferation of smaller firms sprout up eventually as a result of all this?

likesmart

But can the holding companies apply for a loan? At least the American ones like IPG?

What kind of severance packages are they doing?

funny

BBDO too

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Any CPBers have any details? Hope you’re all
Okay.

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