I heard some NYC agencies are halting hiring, bonuses and raises until potentially 2021. But has any agencies started to lay off or put people in furlough? If so which agencies? A little nervous :/

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I don't get how people can think about promotions or raises in this kind of climate. It is hard for everyone, not just you.

People are struggling to stay afloat: business leaders are trying their very best to make it work, and not have to layoff. At this point, having a job is good enough.

One key thing I look for when promoting someone: do they understand the business we are in? Do they think for the company, for the team, not just how much they can make? If they can't, they are not manager material and let's not even think about making them leaders.

When I groom people, I would like to think they will grow up to be the CEO that is willing to take a pay cut in times like this vs the CEO who will gladly lay off their workers. It begins here, now.

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Thanks for providing context of the difficulties and hardships leaderships are currently facing for the better of the agency and teams. It's nice to know how the everyone is being thought about and cared for by their managers. May everyone also have such strong leadership during these times and continue to do their best for their team.

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I know one of the IPG agencies just promoted a bunch of people... they’re on an April/October cycle and apparently didn’t want people to have to wait

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Cadreon

you also forgot about promotions lool

9.9 million people filed for unemployment during the last two weeks alone. 3.3 million last week. 6.6 million this week. The single largest week during all of the 2008 recession was about 680,000, for comparison It’s not a tough time to be in an agency or media rn. It’s a tough time to be anywhere in any company in any category. Good leaders are doing their best to hold teams together in the face of immense uncertainty. (Unless you know when all of this will end). Yes, you may need to wait a bit to get a promotion. But that’s better than waiting in line to get an unemployment check. Read the room and be glad you have a job this week. At least for the sake of a lot of good people who’ve unfortunately lost their jobs this week.

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cuz my life is more impt lool

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