Publicis just sent an email that they aren’t matching 401k until further notice. Anyone else get this email?

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Yes. They announced this a few weeks ago.

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If this helps more ppl keep their jobs, I am all for it.

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Yes. Much better than a salary reduction, furlough or layoff.

If Publicis sent it, yes, it’s safe to assume other people got it.

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Omnicom made the same anouncement.

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If the most generous 401K plan is no
longer contributing, rest assured all other holding companies will do it.

FYI This is quite common across America right now, including in house.

My advice would be too forgo working for employers that do not commit to 401K in the future. More and more agency holding companies have started treating them as a piggy bank. The excuse is ready each year. We did not hit our goals, so we will not fund or fund small portion of 401Ks.

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