I’m so glad I’m retiring in 5-8 years or so. This industry has gotten so brutal that I don’t know what I’d do if I were still in my 30’s or god forbid 20’s. Younger creatives, are you ok or freaking out or planning some shift in career? Or just pretending it isn’t an issue?

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If I was in my 20s and just entering advertising, I would 100% retrain to do something else instead. No question. You’d be insane not to.

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No joking, learn a trade like a plumber or electrician and you’ll be set for life

likesmart

Sure, the industry has its challenges, a lot of them even (a lot of industries do). But I don’t buy into the doom and gloom. I’m in the top 10% earners in the countries for coming up with ads, working with great directors and traveling all over the world. I’m not complaining.

likeupliftingfunny

TLDR: “Not my monkey until it happens to me.”

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I’m just voting for populist political candidates who tell me what I want to hear.

likefunny

I see you cd

upliftingfunny

I’m 57 and counting the days until I can retire. The holding company model has sucked all the fun out of advertising.

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I'm in my 20s and in a sh*tload of undergrad debt. Freaking out. Planning a shift because I'd like to be a homeowner one day. Thinking of joining the military.

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I’m going to either work in a supermarket or ask for an adult internship in another field!

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Started out in conceptual creative advertising in my 20s working at a holding company agency. I saw the writing on the wall even then, and pivoted my skills and talent in my 30s to working in-house for big brands and at pure breed digital/social agencies where AI is integrated.

I learnt early on that Advertising/Marketing is an industry that shifts and looks very different every 5-10 years. It's a cynical business so I've always adapted and learnt new skills and moved on. Not terribly worried but also not super confident either.

Ideally by mid-40s I'll either transition to working at smaller boutique shops where I'll coast for the next little bit or just take up a chill job at a much lower pay before retiring.

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More like mid-30s

I'm 39 and I'm making a career sidestep into UI/UX design. Graphic design has been such a slog with terrible pay.

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I completely agree with all of the comments. We are expected to work longer and longer hours and with all of the consolidations and the client pressures around cost, leaders at these companies don't see us as people. We are just bodies that they want to crank out a ton of work.

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Yep and then they cut us cause of age and salary.

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Can you be more specific? I do agree - things have changed. And not for the better. Curious about your perspective

OK - here is a take for GCD 1 and the Intern:

Simply put, IPG (Interpublic) had been struggling for some time & could not generate significant organic growth in revenue or profit. In any industry, when that happens you are bait for consolidation. Omnicom, like many of our industry, was also finding growth tough, but is better off than IPG & WPP. Invariably, in any consolidation the new management seeks efficiencies - and the market demands it. There will be layoffs, and over time, some of the IPG units may simply get folded into Omnicom units. Additionally, AI is going to have a pretty significant impact across our whole industry. The name of the game in a career is to be working in a business/industry that is growing. We are in a tough metamorphosis. With marketing/clients now demanding very high levels of personalization in both creative & media at scale, technology is literally the only way to keep the business viable. There will be lots of boutique & smaller independent operations, but even they will have to be major adopters of tech stacks to keep the programs moving on time/budget.

While I certainly don’t like it, the general trend will be toward operating with fewer people - and certainly less full time people - as clients continue to want to be more project oriented and less committed to any particular resource.

For what it is worth, this has been the outcome in lots of “creative” industries - architecture, interior design, publishing, music, motion pictures/TV, etc. The level of content keeps going up, but the employment keeps going down.

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I'm 28 and almost done paying off my student loans. What else am I supposed to do???

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Have a big interview tomorrow. The question I dread the most is about why you’re looking for a new job. The honest answer is that there isn’t enough work to go around at my agency and I want to get ahead of the inevitable layoffs. What’s the best way to tell them this? Do I just make something else up entirely?

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Anyone else using their layoff as an excuse to finally pursue a new career?

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I have a 25K loan from my MBA. I paid off 100k whole, after graduation. 3 years ago, I moved my loan from federal to private ( SOFI) account. I recently lost my job. I have applied for unemployment, as the severance that I received will only cover for 2 months. Together my husband and I used to make less than 250k after tax. Now, with a loss of pay , we are going to make less. Do you think I will be eligible for Loan forgiveness?

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Wow! What a day! What type of company starts layoffs right before the holidays? Lost my job this morning and I am stressed out. Is there any chance of finding a new job before the holidays? I'm doubting it.

likehelpful
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I was just laid off due to COVID. Felt invincible when the crisis began but now feel lost as if my career was ripped out with the tide. Slowly gaining motivation to get back on top

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Can any ACN fish refer? Firm issued a wave of new hire layoffs which happened to affect me.

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Has anyone working tech for a bank been laid off yet? Tech layoffs all over the media but no one is talking about developers at banks (who make up 1/3 of headcount in some cases)

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At this point in the game it doesn't make a difference where you at everybody is getting laid off at one point or another the only thing I say is try to repair yourself for it if it happens to you

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Please help him with referrals.

Correction: TC 51.3 has 15% variable.
Experience: 11 years (Marketing & Brand Manager)

Location: Bengaluru, Karnataka

#mba #marketing #branding #layoff

Post Photo

Are BAs comparatively safer than Dev’s when it comes to layoffs?

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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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Can I join in Nokia R&D unit for java, spring boot backend developer role considering current situation of layoffs in product based companies ?

Exp - 4 years
Tech stack - Java, Spring Boot, Microservices

EPAM Systems Cisco Nokia Dell Deloitte Deloitte USI Deloitte India Infosys Cognizant KPMG EY PwC Verizon Verizon Media Ericsson Huawei Technologies

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Hows the industry doing in MENA right now? Any worries about a potential crash? Are firms still hiring? Based in the US and everything is tense here with the recent tech layoffs

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Crushing real hard on my manager 😭😭😭

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“Can we change all the instances of ‘we’ in the script to be [our brand name]? Just to remind my listener who we are throughout.” 🙄

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