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.

likeuplifting

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

like

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

like

@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.

like

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

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.

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

Ya. The holding company.

Well good on you

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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