How bad are the cuts your company is making? Let’s compare. Salary reductions, layoffs, furloughs, etc. seems like our company is using the Covid-19 crisis to make other cuts to pad performance. Sad

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Posting as :
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How well do you know your agency's business? Honestly cuts right now seem inevitable, but I can only say from my personal experience right now that we are retaining as many people as we possible can. Leadership is seeing the human impact of layoffs above business impact and keeping every person we can.

Raised and promotions are deferred. Who could justify taking a raise right now?

Hiring is only for critical roles. How could you hire if you're laying people off?

I dunno, I'm seeing a really thoughtful approach to the business in a way that feels supportive and refreshing.

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Would you support cuts that not only made up for losses due to Covid, but also designed to cover for general poor business performance?

I’ve now heard that for IPG it’s going to be agency-dependent and not all agencies are going to lay-off etc.

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Unfortunately I do not.

I’m assuming it’s every agency right? That’s the whole point of being in a holding company. You share the feast and the famine?

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Just heard at our healthcare town hall that no layoffs of furloughs are planned

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ipg asked everyone to take 1 week furloughs btwm may and augusy

I don’t think that’s enough to pay for the IPG multimillion dollar compensations for the C-Suite.
https://www.execpay.org/news/interpublic-group-of-companies-inc-2018-compensation-304

Really? Everyone across all their agencies? I’ve heard nothing about this

happening now in the US, currently in the virutual towm hall call

A one week furlough? Is that enough to keep IPG afloat?

no one knows outside of the top, at least they have not out right laying off ppl now and have paid down their debts

Haven’t seen much on our end, at least in my microcosm. Freelancers are getting lighter, but some people that were transitioning off prior to quarantine are now being extended. We’re busier than ever so performance hasn’t suffered with everyone working from home.

Dentsu has had network wide paycuts and a lot of furloughs. It’s also supposedly for the rest of the year so looking at 8mo of this (the paycuts hopefully not all the furloughs, they said they want people back as soon as they can). It’s devastating, everyone is effected.

Guess not. Don’t know what they considered before just cutting everyone’s pay across the board but saying it’s to avoid lay offs and keep as many people working and on benefits as possible which I can respect. If this gets worse I don’t know what they can do, everyone’s already taking 20% cuts.

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