How many people did they lay off this quarter because of no money?

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likefunnyhelpful
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Quickest way to make a business look profitable and keep shareholders happy… lay off staff

likesmart

The only way service-oriented sectors like advertising can increase profits when there’s no growth is layoffs.

There aren’t any resources suppliers they can renegotiate contracts with. No production lines they can shut down. No land they can sell. No R&D that makes a major breakthrough.

Employees get the ax for profit margins.

likehelpful

This approach…seems like suicide? In the long term?

likesmart

Yes we are witnessing the collapse of the holding company pyramid scheme.

Unfortunately the ones responsible for ruining the industry have ensured that they will be well insulated from its demise.

likesmart

Good riddance (is coming)

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They lose pfizer already?

funnylike

Did Publicis have layoffs?

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I feel like they purposely hired a lot contractors on Pfizer to easily let them go and not call it “layoffs”.

Layoffs in specific divisions or accounts happen regardless of new business wins or earnings growth. Grow up.

likefunny

What?

Layoffs are normal in this business. We are project and client based. That said, I work for Publicis and it’s a good company. No knowledge of any. Maybe a few in some agencies due to client loss. What do you expect? Rev streams evaporate… you have no $ to pay people. They ho elsewhere. It’s the business. We are doing alright and I feel it’s because it’s actually a well run company as a hold co and the agencies are also mostly well run, including my own. I’ve been in this business 22 years. It’s not perfect but it is what it is.

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Layoffs are one of many strategies businesses utilize to stretch out losses and runway.

You mean ensure higher profit margins and C-suite bonuses. Especially having won Pfizer.

likesmart

Related Posts

Anyone else feel like as you move up, you have to work even harder to justify your value to your company as you grow “out of the weeds”? Especially with the fear of layoffs looming over everyone’s heads.

likehelpful

Hi all,

Seeing some posts on layoffs in barclays. Is it true and which category of Employees will fall in that list.

like

How is it that every company complains they can’t find workers yet 9/10 posts on linked in the last few weeks are all about layoffs? And just taking a look at the jobs in your are…why does every job suck and want to pay you 45k?

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Is it just me or do 90% of the jobs being laid off by big tech sound made up? Many job descriptions with multiple bullet points that all kinda revolve around the same idea. One of my buddies works for a big IT company and literally just sits on meetings all day. No one really contributing to anything other than agreeing to whatever the speaker is saying. Are these kind of jobs finally being exposed? Six figure employees getting paid to sit and bounce ideas off each other?

like

Just heard EY is about to make more layoffs in audit too

like

How is everyone feeling amidst these layoffs? Hope everyone is taking care of themselves!

like

I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?

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O&M Creative: more shuffling still to come? And by shuffling, I mean layoffs too.

like

How is the job security at Delta Air Lines ?
Do they layoff frequently?

HR had mentioned there were no layoffs at tech during the pandemic.

like

hearing there was massive layoffs at concentric today. in the dozens. can someone confirm or refute?

like

Was laid off in Sept. Unfortunately we will be seeing many more coming. It's what happens in a recession. Unfortunately I now also have my age against me. Not in a mentally good place at the moment.

Does anyone have any insight into the Layoffs from a SCNO perspective? (Numbers, duration, etc.)

like

Is it safe to join PWC india at this point of time. Are we expecting any layoffs?

like

Does Globant terminates the employment of certain trainees after their probation(3 Months) based on their performance in the training period? Some of the fresher trainees were laid off this morning without giving a notice or reason.

We were told that the probation period is a training period & not an elimination one. It was shocking as a few of those trainees were actually good.

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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

Hi,

Is this a good time to join HP? As they have recently announced 6000 layoffs in 2 years.

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 was recently laid off and I am actively search for a new role. I am mainly targeting ScrumMaster, Product Analyst, and Business Analyst jobs, but I am open to others.

Must be located in Austin, Texas or fully remote.

EXP
5 Mo- Business Analyst 3
1.5 Y- Venture Capital Associate
1.5 Y- Strategic Planning Analyst

Certifications
ScrumMaster
Specialist Accounting and Finance
Specialist Business Intelligence

Contact
737-707-5156
ajaspercannon@gmail(dot)com
www.linkedin(dot)com/in/jcstrategy

like

Hi I got a 4 rating this year, in 2 parameters and in one parameter 3. Any danger of a potential layoff. Am a business analyst as societe Generalle GSC Bangalore

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Daily dose of cuteness!🐶🐶🐶

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Has anyone taken  ACAMS Certified Global Sanctions Specialist (CGSS)? Any comments/ reviews? How has it enhanced your employability? Why did you take the CGSS?

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I’m preparing to teach division with decimals. Our math program doesn’t have manipulatives for the concrete representation. Suggestions how to have students understand dividing with/without decimals?

In love 😍😍

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After my RL meeting I knew it was time to go back to grinding Leetcode even harder

likesmart

Mom went back to home country and I’ve been moping around holding back tears all day! Tell me it’s gonna be ok, I miss my mom 😭😭

likeuplifting

Can anyone guide me how to get a good SAP SD project as i joined newly i have as asked to into a famous phone project.. but i know i it works so i didn't get into that so they asked to get into a testing project... Apart from this how can I get a support project in Wipro.. your inputs will be very helpful.. TIA...

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I want a baby 😭

likehelpful

Hi fishes,

I'm appointed as a senior engineer (Front end developer), will bosch provide WFH option if we demand before joining itself ? or its mandatory to start work from home ?

like

So took FAR today, felt good about it. For the most part I felt questions were from stuff i ready and felt was easy. Now am not sure if I got everything of it but I also know1/2

like

Whats your TC and YOE in Canada? I'm at 130k with 8 YOE

like

Anyone figured out a good way to keep hearings public? I'm trying to figure out if I can get the courts to post zoom links for hearings somewhere.

likesmart

I have an interview for a Principal Renewals Manager role at Slack/Salesforce this Wednesday and I was hoping for some advice on how I can wow them? Ive done a lot of research and made loads of notes but get very nervous in interviews and dont always articulate how I would want to / say everything I want to cover. It also doesnt help that the job im in at the moment makes me absolutely miserable and im desperate to leave… help!

like

About to interview for Tech Architect role in Slack Any pointers on what I should expect in the first round?

like

Hi All, I'm moving to a Corporate
Development & Strategy role at the
analyst level (fintech focused) I
wanted to get some transparency on
how much I should be asking them
for comp (please let me know base
and bonus)

My past experiences is I was a
investments banking intern at
Citigroup on the M&A team and was
a Private Equity Summer Analyst at a
healthcare focused fund. For the
past year after I graduated I've been
working in a rotational program
that's focused on institutional sales.

like

any telltale signs of layoffs in tiger?

like

Have a great weekend everyone! :)

like

*asking for someone else*
Hi lady fish,

I’ve been with Accenture for 10 years and am about to take maternal leave. I got an interesting conversation with HR yesterday about leaving Accenture after maternal leave, and the kicker is to join the client. I got a couple of questions for you guys:

One...did anyone leave Accenture right after maternal leave? If so, what happened? Did they have to pay back anything?

Cont.

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Is KPMG India is calling their employees to work from office in Bangalore

like

Additional Posts in Advertising

Any advice for your LAST day in office?

like

Tired of this constant grind and constant layoff situation in NYC. Thinking of making the move to LA. Any thoughts? Yay or nay?

like

What does this even mean?!

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likefunny

Working on a long term brand platform, which had the potential to be a really stellar, powerful body of work.

Sadly, it's being driven into the ground so hard by stakeholders that I have no love left for it. It's slowly becoming an embarrassment.

How do you go about this? Do you just swallow your pride and just take the paycheck? Try to fight for it tooth and nail while you still can?

like

What’s the best way to blindly reach out for a job? My dream agency is one of those ones that never seems to actually post job ops. No real connections yet, either.

like

Anyone know rough CD and ECD salary for Germany? And does it vary by city to city? Thanks!

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How long is too long to wait for your agency to give you a substantive raise or promotion? E.g. how long are you willing to wait between bumps?

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If you're in need of a junior writer with cojones hit me up!

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As part of the interview process, a company is asking me to concept a 360 integrated campaign with presentations to multiple teams. Is this normal?

likefunny

People whose spouses work in time consuming jobs like doctors and lawyers how the eff do you tend to your home life? My kitchen looks like an animal attacked it.

like

I really need to know. Does anyone genuinely care about their jobs anymore? Money aside.

likefunny

How much do senior strategists in LA make? Moving from NY to LA and wondering how much of a hit in pay I’ll take from lower cost of living or whatever recruiters will say

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Which house are you choosing? 😎

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likefunny

What accounts does Grey Midwest handle? What’s the distinction between them and regular Grey?

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Getting really frustrated with a boss that is completely bipolar in our interactions. Management does not seem willing to tell them to stop being psycho. Beginning to think the only way out is out

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Anyone in NYC area have an actual office instead of open floor plan? #CantTakeItAnymore

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Anyone else feel like as you move up, you have to work even harder to justify your value to your company as you grow “out of the weeds”? Especially with the fear of layoffs looming over everyone’s heads.

likehelpful

I totally understand the hustle of emailing people you don’t know to create opportunities. I just don’t understand why obscure vendors email creatives rather than production 🤦🏻‍♂️

like

Laid off, 10 years exp, tired of acct management. Feel so lost. Don't want to go back to agency side. What should I do? I feel like 💩

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I think I’m potentially about to be fired this week in retaliation from my boss...what should I do?

like

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