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Omnicom cancelled the xmas party. Raised healthcare rates and are not giving raises. All while getting a massive tax cut from trump, winning business and having layoffs. Where’s all the money gone?

likefunny
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Simple. Top line revenue growth is stagnant. Clients spending less so Profits are down. Their first responsibility is to the shareholders not you as their employee. So no goodies.

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It has nothing to do with tax cuts. No tax cut can save the holding company from a loss of clients’ money along with money spent on restructuring and merging

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@ad1 ugh. Mindshare is selling their souls for cheap right now. Probably be another one that loses money for them

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To be fair - Petsmart = sinking ship. Already cut their 2019 budgets 50%. also juul + army = 🤑🤑🤑

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$24MM for failing and steering a company to a lower stock price.... that’s absurd.

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@OP Are you talking about Omnicom the holding company or Omnicom Media Group? My Omnicom creative agency is having a holiday party and I just got a hefty raise. But yes, healthcare is more expensive this year.

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SVP1 - Heard it was WPP but not sure what agency or even if it remains in Chicago. I’m sure there’ll be a press release soon since finalists are being informed.

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Our omnicom shop is still having a holiday party. 🤷‍♂️ Which ones are winning biz besides ddb and what he accounts?

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OMD Chicago lost Petsmart today, and almost everything else earlier in the year. Only one agency but it was as a big one once.

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Ya. The holding company. Well good on you

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Does anyone know anything about any upcoming mergers? Omnicom has meddled with our 200m/yr billable agency and destroyed it completely. Bleeding client, talent, culture...and only getting worse. They tried putting a bandaid by giving everyone a promotion BUT WITH NO RAISES! Such a joke.

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