I think some agencies are using Covid as a smokescreen for making adjustments that were needed previously, but would have caused a riot. Not all. Just some. Am I crazy?

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It’s called shock doctrine. In a crisis, a company can put in policies that could never have gotten away with a normal time. Governments too of course. I can’t believe the lack of rebellion and saying no to these pay cuts. We are already the lowest paid we’ve ever been in history of the industry. We used to make the same amount of money as our clients and now we make a third at best. There needs to be a coordinated movement against these pay cuts!

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Those dropped the pay period before this blew up. The timing of it all...

Rest assured, layoffs and cut backs are coming. Yes, we use times like these for things like that. If you are an underperformed, have HR issues, get paid too much(in their eyes) and do too little(again, in their eyes), work on an account that is losing money, and at some companies- simply aren’t who they feel “are______” enough. Your name is already on a list.

Don’t buy anything big.

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Haters gonna hate.

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Definitely has seen this happened via salary cuts and layoffs

likehelpful

I think there are plenty of cases where they were never needed at all. Just using it as an excuse to make investors / shareholders happier.

likesmart

These new lower salaries will be the industry standard.

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only for the neophytes coming in. the wizened ones will insist on upholding the ancient traditions of fair compensation.

Oh for sure. The last recession saw the same thing

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It doesn’t cause pangs in the hardened minds of those thinking of their vacation homes.

Yes, shedding. Like a skin or exoskeleton.

Well, a wise man once said, “We’re never gonna survive, unless we get a little crazy.”

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No, Brendan. Because Guy Sigsworth co-wrote the song and wasn’t given a nod in the reference.

yes

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💯

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Like what ?

Like cutting salaries 20%

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Of course: leadership loves “running lean” since it’s never leadership that’s lean, just the troops.

I mean, sure, they might see pay cuts, but they are not also doing three peoples jobs with less pay. They are still doing their one job.

VaynerMedia anyone?

What can you actually say to keep your salary if your agency institutes cuts?

“Banding together” yeahhh, that’d be a culture shift.

likefunny

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