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What will be in hand salary guys?

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Happy Hump Day!! Anyone want to start independent shops to survive?
“The consolidation comes as ad holding companies confront shrunken client budgets, layoffs and financial challenges during the global pandemic. According to a report from Forrester, layoffs at U.S. agencies could reach 52,000 by the end of 2021.”
https://www.wsj.com/amp/articles/wpp-continues-consolidation-plan-with-merger-of-grey-and-akqa-11605118742
How is it over at FCB Global NY for creatives?
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I would hope so. I was well overdue for a promo, but my review happened to be the same week everything started to shut down. I got an excellent review, but my GAD said she had tried to advocate for an exception for me and that there were "no exceptions." I pushed back and asked for the title with no raise (don't want my resume to later say I was X role for X amount of time when it wasn't true) and our CTO agreed to have my title changed with no increase in pay. We decided not to publicly announce my title promo, as we anticipated that others would speculate I had gotten a raise. I've heard of one other promo (which was publicly announced) and of course, it led me (and others) to question whether it was just a title promo or if a raise was involved. I'd say, most likely that they are not receiving a raise. If anyone found out, it would cause a revolt.