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Any word on layoffs at JPM?
Bowl Leader
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Anyone going to PAX this weekend??
Bowl Leader
Where did that phone come from? 😆
Hello Guys,
I Got one Offer from Fynd but that is too low for me and as per my expereince
They are giving me 9 LPA bcz I quoted that amount when I applied for it long back. at that time I didnt know more about how salary and all calculated and whats the market research
Now after clearing all the rounds when we meet for salary discussion i told him my real desired salary as per experience and market reseach
He told me that I quoted 9 LPA so we can not do more "unless you have any counter offer"
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Who's got the most fishbowl points?
Alas, I don't qualify.
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There is no actual single "economy strong" metric. You can single out GDP, stock market performance, unemployment, etc. but still not get the full picture. Consider that real wage is practically flat relative to all other "economic growth" and that after inflation a vast majority of Americans have effectively less, not more, DPI year-over-year despite an otherwise record setting economy. If a "roaring economy" only pads the pockets of the elite, is it really synonomous for national prosperity? (This doesn't answer your specific question, but it felt worth voicing.)
In- house. Media fragmentation. Social media. Clients changing shops faster.
Also, a lot of spending in recent years was going to digital and when P&G froze its digital spending during the google/YouTube ad placement fiasco, the learnings were that it didn’t impact their sales and actually had a better quarterly report- so there’s also that.
That economist is an idiot. The goddamned bond yield curve is about to invert
Another person confusing “the economy” with “the stock market.”
Because the companies that are boasting about amazing profits are able to do so by trimming costs. Advertising being one of them.
There's a really good article summarizing this trend that I can't seem to find. I think it's from The Atlantic, so hopefully someone else will link it.
In short, all of the above plus tech is rapidly making a lot of agency work irrelevant.
@CD2 and I ready for the fall.
Save all the money you can now. Invest when the "best economy in 50 years" crashes 😉
Shocked more people not looking at that inversion coming and stuff 💵 in their 🛏
No urgent need to sell when you’re doing well. The best advertising usually happens during a crisis.
Corporations are streamlining (reducing staff), automating and hoarding cash/profits rather than reinvesting in the business (hiring)
Just like a few years ago when agencies had to go digital now they have to be consultants. Less creatives needed.
“Where Did All The Advertising Jobs Go?” The Atlantic https://www.google.com/amp/s/www.theatlantic.com/amp/article/552629/
☝️ @CW2
@WK1 - We all we got baby!
What W&K said...it’s in my mattress...and in gold...crash a comin'
A solid economy has nothing to do with how people consume content and companies realizing they have options to get their branding out beyond the big agency formula. Brands are simply adapting to a new way of doing business
@M+P1 Thank you!