Layoffs again this week at 72LA. A few weeks ago at MAL. Is the LA market ok or is it just hitting big agencies?

likehelpful
Posting as :
works at
You are currently posting as works at

This all hit NYC last year. Any agency that was heavily reliant on a couple of fat AOR contracts and not diversified got hit hard. Things have leveled out in NYC now and I think LA will see the same thing. The future is smaller agencies, more project contracts, more clients and more freelancers. 72 was just unlucky to be leaning very heavily on MillerCoors and General Mills, I have to imagine that’s tough revenue to replace.

like

Parent companies need to hit their bottom line. It’s almost the holidays. This happens every year.

likesmart

Small branding agencies are having layoffs too. Heard a lot of clients are cutting their marketing budgets for next year because of tariffs and recession scares.

like

LA agencies seems have had significant rolling layoffs for the last 3 years, TBH. Sucks.

like

Ugh, that sucks. Sorry to hear that!

like

It feels like most of the big shops out here have had layoffs in the past year.

Not sure if we'll ever see an automotive account leave an AOR structure. Actually, FCA doesn't do AOR anymore and just briefs dozens of agencies on their roster at the same time. It's a mess.

FCA has 20 agencies working/pitching for free at the moment. You would think they have used up just about all their freebie pitches at this point. I doubt there will be many agencies willing to buy a lottery ticket next year - then again, I said that last year too.

Ugh. How many at 72andSunny were laid off?

Related Posts

If you were an Uber employee that got laid off, how have you been faring?

like

If I get fired while on OPT without getting my H1-B stamped, is it useless or can it be used in future for some other job?

like

Laid off by Deloitte. 7 years of experience in strategy and operations consulting. Need help with companies that sponsor

like

What should be the salary expectation for a senior software engineer role in bolt, Estonia.
I am currently at CTC of around 45 LPA in banglore in a growing company and trying to figure out if it is wise to go to another country especially considering the layoffs and potential global economic slowdown.

smart

I have not been on a project for over 3 months. Since I joined, I have been put in training. The training got extended by a month and now it's close to 4 months since I joined and without a project.

What should I do? People say that I'm lucky to get paid without doing any work, but it is stressing me out. I need the experience. The uncertainty is freaking me out, with rumours of layoffs and the certification program and all.

How do I get into a project? How long do I have to wait more?

I keep a few tote bags and plastic grocery bags in a drawer at me desk in case I ever abruptly quit on the spot or get fired. Anyone else?

like

I made a couple errors at a new job. An important document to be distributed had wrong information on it, which was proofread by 2 other people. Then a couple of typos in emails, the person micromanaging me told me to send out but I didn’t fix the errors. Failed to meet a deadline but completed 95%. I was written up over all this last week, fired this week. There’s a lot more to this but I think it’s because the DM doesn’t like me.

like

Laid off at PwC. It was more of a relief than anything. Anyone have any knowledge on openings at smaller (but not necessarily boutique) firms? Human Capital / Change Management related field.

like

Have you ever seen a client fired in mid-production?

likefunny
like

MBB AP about to exit to non-FAANG tech. Would you expect a signing bonus and/or pre-determined severance pay if things don't work out with the new company? Anything else that people have negotiated during their exit? I'd be leaving a large amount of bonus on the table to leave before the end of the year.

like

I am interviewing for a Sr. Program Manager role at Adobe. Glass door says ~252k. What a typical base would be? How does adobe feel in the market right now as far as layoffs and expansions?

like

Hi,
As of now I got into PIP so does it indirectly means that i will be fired.?

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

like

Is it safe to join CISCO? I have heard the layoffs happens there yearly.

like

Hello everyone. I have 9 years of experience in iOS development. I have worked in swift, react native, reactjs, blockchain. Was working a product lead. Got laid off last week. Looking for an opportunity.
Thanks in advance!

like

Thoughts on Veteran status and the ongoing corporate layoffs?

like

Hi all,

I have one question -coming 2023 year maybe recession hit worldwide economy. Can we worried as a accenture employee? Any news for mass layoff for recession?

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.

More Posts

Top NYC communications marketing agency - EP role onsite for 6-8 weeks. Day rate and hours per day? Any ot or other considerations?

What are banks currently paying VP1, VP2 and VP3 in terms of base comp? Seeing a lot of VP departures to other industries and wondering if banks are no longer competitive.

like

HR interview pipelined with Infosys. Please suggest expected salary. Infosys
Tech stack: oracle hcm cloud
Yoe: 2
Cctc: 6.73
Infosys

like

what is the fixed CTC for SA2 in Kolkata AC for Chartered accountant?

like

For those who switched from agency to client side, how did you do it?

like
like

How’s attending the ALPFA conference in Vegas?

like

Anyone here who can refer me to Oliver Wyman. I can share the details via DM.

like
likesmart

Salary - What is the salary of Operations Managers in Hyderabad

Can someone please tell what will be my inhand salary?

Post Photo
like

Anyone with experience with the snoo and any feedback on it? Have a friend that offered to let me borrow hers, so no cost considerations to think about, but have read that it could cause a flat head/other issues and just curious as to what experiences people have actually had with it. Thanks!

like

Who's got the most fishbowl points?

like

I am not getting sleep!!

like

Anyone flown Copa Airlines Economy? Considering booking some personal travel on it using miles and wanted to see if it’s any good

How is Delta Airlines client interview questions?
I am a Java + Aws developer

like

Looking for some advice on a couple of offers I have.

The first offer is for an Account Executive position at a smaller company with a base of $50k and another $20k in OTE.

The second offer is for a BDR position at a larger and faster growing company with a base of $60k and another $20k in OTE. Also some stock options but they aren’t public yet.

I have 2 YOE as a BDR and think I could succeed in either position. Both have hybrid work set ups. Any thoughts or advice is appreciated! Thanks.

like

My son lost his summer job. So I gave him the honey do list @ $15/hr. It’s a long list...

like

Additional Posts in Advertising

Most won't give a shit but what work do you think will win this year at Cannes?

like

Recruiter from vimeo reached out to me. Does anyone know what it’s like there?

like

I laugh during awkward situations. The other day someone called me out on laughing. It was awkward.

likefunny

Most beautiful places to escape within three hours' driving of NYC? Forests, lakes, ocean, camping.

like

Which portable standing desk converters do people have and recommend. I live in a tiny NYC apartment so use my dining table as the office during the day but need to put it away at night.

like

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

likefunny

Shoutout to the recruiter who ghosted on a meeting they setup! Gotta love the professionalism 👏

likefunny

When my non advertising friends complain about their 50 hour work weeks

Post Photo
likefunny

When ppl talk abt mental health in adv, we neglect the topic of cognitive dissonance. Most of us work on clients that are terrible in some way - sweatshops, bad for enviro, unhealthy. How do u cope?

like

Just found out there’s an ECD in a big NYC agency who claims to have won awards, but the name doesn’t pop up in any of the archives.

How do they get away with it?

like

What are some questions to ask/things to look for before the first time you’re jumping ship that helped you decide whether it was worth it (other than remoteness, salary, and benefits)?

like

How did your agency handle layoffs? All-agency meeting before they started? After they ended? Both?

Kinda sorta trying to predict if I’m losing my job tomorrow.

like

What do y'all know about Konrad NY?

like

Any advice on nailing the perfect headline?

like

Is anyone hiring free lance/ contract AEs or PMs? Any state.

like

What kind of work is done by Junior Talent in Data & Analytics?

like

Is it normal for every single call (client or internal) everyone dials in from their desks at an open format office? Everyone avoids takings calls together/conference rooms like the plague.

like

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

like

Where would I find a list of all the advertisers who are doing Super Bowl TV spots next year ? Thanks

like

Any good leads in NY right now? Or am I doomed

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal