Realistically, how stable is the advertising industry?

I feel like it’s so unstable it’s not good for my anxiety. Constant budget cuts, or if you lose a client, you’re most likely getting laid off. I know of 5 people laid off recently. The market is not even remote anymore, so it’s scary.

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This industry has always been unstable. I’ve heard this phrase too many times: you aren’t really in advertising until you’ve been laid off at least once. I spent years scared it would happen to me, and it finally did last year, it sucked for a few months. But then again only in advertising can you get laid off and then land a job with a higher title and a 50% pay raise.

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F1 is 100% correct. Laid off for the first time in my 10+ years. Thought I was exception. Always had recruiters reach out 1-3 times a month up until last year. Now I’m on month 4 of being unemployed. It’s a crazy time rn.

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It’s not just that it’s unstable, the industry is shrinking quite a bit.

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Yes, you’re correct (especially on the agency side). Advertising is pretty volatile. If you’re lucky, you can find a role on the client side

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Seriously? You don’t know the answer to this already?

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The industry is dying, at least within holding CO's. Long term plan is to sell agencies one by one while squeezing all that they can from current talent. Source: friends at high level in holding co positions

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More layoffs last week at Leo B. Seems they went after more Seniors & $alaries. Thank you France.

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What are you hearing about Accenture and PIP? Lay offs?

Hey team! So I was laid off from my SDR position about a week ago. A couple months back, I had an offer for a BDR position that I ended up turning down but I really liked and connected with the manager. Is it worth it to reach out? I applied to other positions in the same company. What about reaching out to previous co workers at a different company? Not sure how to navigate this… please help. Also I’m sorry if this is the wrong bowl to post in.

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How is the biz in tokyo since covid? Big layoffs like in the USA? All remote? Picking back up? Thank you.

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Is it safe to join PWC india at this point of time. Are we expecting any layoffs?

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What is a good interview answer for leaving a job after a few months when the real reason is that you’re sleeping with one eye open in hopes of not being on the chopping block after two rounds of massive layoffs? Company culture is at an all-time low, and it will only go down from here from what I’ve seen in the short months I’ve been there.

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So are the layoffs at Deloitte over ?

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HR had mentioned there were no layoffs at tech during the pandemic.

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So, lay off until the pandemic blows over.

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@PWC is worst company for freshers. They are force innocents to resign by themselves and threating then to not to mail anyone and not share this context to anyone worst company, if layoff means ok removing and threatening to not to disclose to anyone means the have lost every single moral. Don't fall trap in the brand name @PWC.

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Vicious layoffs at HCB health.

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Hi friends of fishbowl! A year ago I told myself no more agencies. Then I got a job at another agency and I’m basically hating my life more than ever right now. This place is not good for me mentally and I’ve only been here for 90 days. I should’ve listened to my gut but here we are. So my question is what job titles should I be targeting as a senior project manager if I want to go to to client side?

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