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I’ll go first
Vice NY
Yes, layoffs and lots. Don’t see mgmt taking salary cuts
Wouldn’t be surprised if 50% or more of projects go away
Layoffs, I’m sure.
Client cuts, at least.
Salary cuts? Good luck.
Layoffs which they’ll call furlough so people can get unemployment and salary cuts a over a certain amount.
B-Reel London just closed shop due to Corona.
Our (indie agency) CEOwner has been pretty transparent. We’ve lost a lot of work but one client is going gangbusters, so there’s that. Layoffs and salary cuts have been discussed as a “backup” plan. Our revenue will take a dive this month. My guess is we will lay off up to half and leadership will take small salary cuts.