Hearing of layoffs with some Chicago agencies. MSL...Porter...Ketchum...others? Sign of bad economy coming? Hate to sound skittish, but I lived through 2008

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Ketchum here. We had layoffs across North America, not just Chicago. I think the entire marketing industry (not just PR) is dealing with a new frontier where all of the lines are blurred and everyone is trying to find their place and claim the budgets

likesmart

In my personal opinion, I feel more clients want that strategy-level guidance in addition to the tactical deliverables. So it's more than just creating a flashy campaign or a rocking website. It's more about the reason behind creating and managing content.

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The economy is partially responsible but its also the changing industry (different types of agencies going after same work, in-housing, etc) and an antiquated biz model which many still operate in that is causing low single digit growth for the big PR agencies. I think that’s leading to layoffs more than the economy itself IMHO. I expect we’ll see continued cuts in the big firms from now through 2020.

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That’s just OPRG going down the tubes! Nothing more than bad management. IPG is killing it

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Recently laid off and looking for recruiters that specialize in media/strategy/advertising (both agency and client side). Sure there are others looking as well - would greatly appreciate any info.

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I felt very good following Dana’s Town Hall. Having heard other networks are already facing furloughs and layoffs, did you feel as encouraged?

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Would a failed PIP still pay severance at Big 4? If so, how is severance calculated?

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Can partners comment whether Pwc is having another round of layoffs. This is so scary! Shouldn't they rid of partners who can't sell first?! Or pause hiring? Opp. cost to find and train talent again?

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Any word on consulting or agency layoffs in Berlin?

Have y’all ever heard a COMPANY giving an employee 30 days notice and after those 30 days an employee is no longer with the company?

likefunny
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Sign-on Bonuses, is it typical for a company to ask for a re-payment agreement? i.e. 100% if leave/fired within 12 months, 50% if leave/fired within 24 months?

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Ah the great Ad Agency Bubble, your agency is doing great, growing exponentially then boom, clients are lost, there are layoffs and there are no raises/promotions for a year. What do you do jump ship?

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How is the morale in your groups especially with constant layoff news in the market?

Dad got laid off. Drinking got worse. Attempted assault on sis and mom. Had to put up in hotel. No clue on next steps (legal and personal). Project is complete shit show and SM is not getting it. Idk man...

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Hi! Anyone has leads/connection for mid-level designer looking for remote job? I’ve only been in my company for a year but it has been so toxic (ex: we get last minute requests so many million times and many layoffs with no announcements or update from directors). I appreciate it! Thank you!!

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My position has became fully remote since the pandemic and now I want to move to a state where my company has no presence. Is this a okay thing to do or will I get fired??

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Layoffs at MullenLowe? Anyone good we can scoop up?

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Hi Fishes,

Does
Adobe have any plans to do layoff or has such conditions? Please clarify. I will be joining this month please let me know if it's risky to join Adobe this time

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I have not been on a project for over 3 months. Since I joined, I have been put in training. The training got extended by a month and now it's close to 4 months since I joined and without a project.

What should I do? People say that I'm lucky to get paid without doing any work, but it is stressing me out. I need the experience. The uncertainty is freaking me out, with rumours of layoffs and the certification program and all.

How do I get into a project? How long do I have to wait more?

So my partner will be getting laid off 4/15. 🥺

Let the games begin, and may the odds be ever in your favor.

likehelpful

I was laid off, and I am now trying to pick up freelance while also on unemployment. Last week I made roughly double my UE benefits from a freelance job.

Does anyone know if this will disqualify me from future UE benefits, even though it was a temporary, one-time job?

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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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I’m a Junior accountant, recent MBA grad in Finance, located in NYC, just got laid off due to a merger. Anybody hiring or know any opening positions?

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Oh man, the shade being thrown in this tweet...

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likefunny

Happy Cinco de Drinko y'all; on this day in history, we celebrate France getting dunked on so hard that the US celebrated for over a century until Mexico eventually followed suit.

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Dear Amazonian,

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Hi,

How is the BGV process of LTI, and by when it is supposed to be completed?

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Hi, I'm an employee at a hotel chain who works remotely. I've been working remotely for over a year now and I love it! The company I work for is very supportive of remote workers, which is great.

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It's that time...🦃

What's one thing you're super grateful for in your life or career at the moment?

Drop it below! 👇

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Guys please help me with 11 love on my profile to enable DM.

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See the George Floyd trial verdict will be announced in the next hour.

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Curious to hear from the bowl.

likesmart

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Handed in my notice at Golin earlier this week and my manager said that I was disloyal and greedy. Thanks for reminding me why I wanted to leave. Enjoy the death spiral you all are in.

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