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

like
Posting as :
works at
You are currently posting as works at

I dont think they’re coverups for layoffs because Grey, AKQA and VMLY&R were some of WPP’s top performing agencies in 2019 and 2020. They’re supposedly all doing well.

I think the mergers are a kind of lazy way to save money in 2021 and to get a stock price bump from the PR coverage of these mergers.

In the end WPP will save on office rents, now redundant teams like HR and they’ll be able to upsell clients more in pitches. All of those can be positives, but mergers are hard, and if there are culture clashes or key leadership changes all 3 agencies might fall apart

like

It’s not for layoffs but it results in layoffs. Keeps overhead low.

likesmart

This

The way I see it, it’s more about their offerings than cost saving. Only big, Fortune 500 type companies would work with these mega networks. And those companies are requiring more from their agencies. Put simply, big ad agencies failed to put a price on creativity so they need more to offer.

like

This is so true, unfortunately

How cynical of you

funny

Ok

VMLY&R has been one of the strongest performers inside their portfolio over the last two years. A couple new biz wins prior to COVID-19 really went a long way. Thankfully, few, if any, were let go when Y&R came into the fold, so hopefully that’s the case with this.

like

Yes

Related Posts

I need to perform well after months of bad performance for 6 months to not get fired I'm scared but want to do it impossible?

like

I made a couple errors at a new job. An important document to be distributed had wrong information on it, which was proofread by 2 other people. Then a couple of typos in emails, the person micromanaging me told me to send out but I didn’t fix the errors. Failed to meet a deadline but completed 95%. I was written up over all this last week, fired this week. There’s a lot more to this but I think it’s because the DM doesn’t like me.

like

Is current layoffs only happening in Amazon US offices or Amazon India offices as well ?

like

Looking for respectful ways to manage helping people in need of a job or seeking mentorship. I get 3-4 requests a week from mutual contacts asking if I can connect with a former colleague (always broad). Typically the ask is a 30-45 min call. I’ve been laid off, I know how hard a time it is, but equally am working long hours, parenting and want to reserve time for those I know. How do others manage these extra calls into their weeks?

like

Any news on layoffs/recession in banking industry?

like

I heard from my head that there is a lot of slowdown in VW Germany... There is Hiring freeze, level freeze and all ... And soon that will spillover to india. So be prepared for very less hikes in coming cycle :( Also automotive sector in general is struggling with tesla laying off 10% workforce recently. Maybe time to make a move? What do you say fishes?

like

I got offer from IBM in my home location itself, with 18.5LPA fixed for 9 yea in automation testing. Here my manger is confusing me like layoff will after u join in IBM.. but I am in cts as 11.2 only .. but now I got SA promotion with 10 % hike .. and also no retnation for me also not there whether I can choose IBM or stay here .. kindly help guys .

like

I was laid off from Deloitte in the 18th. I have an interview with Amazon for a Senior Program Managers Non Technical position with Amazon hiring manager on Monday. Any advice would be much appreciated. I would love to get into Amazon. I hear their interview process is brutal.

like

Does anyone have any insights about the layoff rumors at Morgan Stanley?

like

Hi fishes,
Has coforge fired any employees in 2022?

I heard UKG has fired many employees this year?
Is it good for job security?

Is it any surprise we’re seeing mass layoff in tech? Years of rich friends hiring rich friends with no work ethic has lead us here. I know way too many tech people who work maybe an hour a day followed by errands and traveling. A lot of getting in these places is who you know, apparently that doesn’t work out like it used to. The amount of people who worked for Meta, Apple, Amazon, etc for a few months / maybe a year is astounding. it’s around that time frame a boss can tell if you’re worth it

like

How do you recommend dealing with a partner senior to you trying to do anything possible to push you out, force you to quit, or get you fired for years? Owner knows my abilities and likes me (contd)

like

As a customer screamed “I’m going to get you fired!” I thought “thank you, that would be wonderful.” That’s when I realized it was time for a change. What was your last straw?

like

Hi! This is post is for a friend who was recently laid off due to budget constraints at their company. They’re actively looking for new roles in Business Analytics, Finance or a combination of both. Any referral would be extremely appreciated.

like

Get caught in a layoff? My team is growing. Seeking Senior Strategists and Strategy Directors. Large Midwest agency with Fortune 500 clients. Remote now, relo later. Inquire within (my DMs)

like

Hi, received an offer from another Big4 in Amsterdam (currently working in Eastern Europe), but relocating, I’m concerned about potential layoffs in the coming period being the last to join the team.

I recently laid off from First Source because There is no work in Mortgage process. I'm getting offer from a company but less 30% less package as compared to First Source. Im the only earning person for my family and don't have any financial backup. Should I Join for temporary ?

like

So I've had 2 hiring managers and several recruiters from Amazon reach out to me about applying for some open positions with the company (android). I completed the coding assessment and now they want me to go through a round of 5 hour interviews next week. Is there a good chance I'll be hired if engineering managers are reaching out to me? I'm really not sure how badly I want to work for them and I don't want to be laid off months after being hired on. Anyone know what Amazon hiring is like?

like

More Posts

Can we stay long term in nagarro for about 3-4 years thinking about it any suggestions

like

Is Infosys retaining employees..?? If yes with how much hike offer..?? Had received call at the beginning of my notice period. He has told me he will come back again. By when they confirm the hike..?? Should we get retained at Infosys..??Infosys

like
like

Do you ever revaluate your whole career when someone from your team quits? Because same

like

Can anyone tell me about the benefits that freshworks provide, generally how much hike do employees get and how is the culture there?

like

Does anyone have any information or know anyone, who has done EHLS English for Heritage Language Speakers program at Georgetown University?

like

What must do cities would you recommend for a 2-week vacation in Italy? Assuming 3 days a city (Rome might be 4), what places are a must do? Thanks in advance

like

Best North Indian restaurants in Manhattan? ☺️

like

ACN 🐠- Has anyone been able to transfer from Big 4 or any other firm to ACN and got them to transfer H1B? I have an approved I140 if that helps.

like

Anyone from Amazon India Finance division? Looking for an employee referral.

like

Hello I’m a surgical first assistant working for a private urologic practice. Wondering what other assistants are making in other specialties?

like

Any books/self help materials for someone who is constantly worrying (and waste a lot of unnecessary time)? E.g. No matter if i pass or fail an interview, there is always something to worry about. The worrying/anxiety multiplies when I proceeded further in the interview stages. Now that I signed the offer and is pending background checks, my anxiety is off the roof as it itches closer to my starting date.

like

Any creatives want to share what it’s like at Juliet?

like

Hi All.. I need a referral for my brother in mastercard. Can anyone help with the same?

like

May I know why are we not allowed to eat in shuttle? I was stopped by security guard cz I was eating ... I was hungry,packed up my food,running out of coding work . .. Strange !!

like

Hi Sharks!
I had interviewed with PwC India for Business Analyst role at Pune location, my both Manager round and Client round went well. However I have still not received any call/ offer from HR. I did call the HR she told me that they have not heard back from the Client.
Any idea how much time does the HR can take if they want to give offer.
My last working day is on this Friday and will have to join other company on Monday if dnt received offer from PwC. Please guide me.

like

Anyone know anything about Kauffman borgees or Traub Lieberman? Reputations, working there, etc?

like

Additional Posts in Advertising

Mullen Lowe...opinions/thoughts/ gripes/praise?

like

Relo bonus: how likely are agencies to pay out in bulk?

like

Agencies in Detroit?

like

Would you work 11-8 shift?

likefunny

Any thoughts on Analog Folk?

like

Any recommendations on websites / blogs / inspiration to learn more about digital capabilities, campaigns, or trends?

like

Here’s to hoping the start of the new Serena Lincoln navigator ad is the end of the Mathew mcconaughey Lincoln Navigator ads

likefunny

last night, i realized there are only 4 POC on my team.... and there’s at least 40-50 creatives. how sad.

likehelpful

Time to hire—I've seen dozens of fledgling lists/databases of available creative talent & diverse talent. Which ones are people actually using?

like

How long do you really think you’ll stay in advertising? What does your career trajectory look like? I was recently asked and it took me by surprise for a second tbh. The most obvious answer was “work my way up to CD.” But what about becoming a super seasoned and experienced creative forever? 🤷‍♀️

like

Junior designer here looking to connect with some Philly-area shops— I’m from the area and have recently been trying to learn more about the local agency scene. Would love it if people could drop some names or even some recruiter info. Thanks!!

like

Who has left the ad world completely and come back? What did you do and how did you do it?

like

New to IT B2B marketing. Any advice on how to educate myself with IT? Any classes, books, etc. that you recommend?

like

With the way this week has been going, Friday 13th with a harvest moon seems downright dangerous 🌚 halp

likefunny

Why does it seem like there are two types of creatives...

The chill one with the most relaxed approach where they almost come off monotone.

The one who has too much energy and noticeable anxiety.


Just something I noticed in my experience. I could be way wrong.

like

Has anyone received a job offer after being initially ghosted by recruiter? How long did you not hear from them? Feeling down after not hearing anything for 2 weeks after a round of seemingly promising interviews.

like

Which do you prefer?

“Give me a deadline and I’ll get the work done”
or

“when I get this done I’ll let you know and we can figure out when the client will see it.”

like

Should I explore job offers while most business are still remote? Or should I stay where I am until going back into the office is an option and than explore job offers?

I just think it would be hard to start a new job remotely. THOUGHTS?!

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal