Is anyone expecting agency layoffs at the moment?

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Yes. Guaranteed. We've already started losing fees over this and our clients aren't even particularly affected directly. This will ripple across entire economy.

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My shop is insanely top heavy. More creative directors than people below. There’s definitely going to be some chopping. 👎

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Most FTEs are based on business performance, and when there’s this much market volatility and disruption it’s inevitable.
That coupled with shifting consumer purchasing behavior, we can expect to see post-corona hiring freezes or layoffs across the industry.

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Yes. Absolutely.

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