So Droga had 2 rounds of big layoffs and then promoted a bunch of people to make the company even more top heavy than it already is. Why?

likefunny
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That’s how big layoffs work. You toss out the dispensables, then give the indispensables anything they want so they don’t leave.

likehelpful

They aren’t layoffs at Droga. They are mass resignations according to our management.

funnylike

@SD indispensable people? Like who? Ted? Actually, describing people as “dispensable” is quite disgusting.

likeuplifting

@OP 95% of agency employees are not indispensable. It’s just the truth. Didn’t mean to offend

likesmart

A newly minted director costs way less than an director with lots of experience.

like

But IHOB worked. How is this possible

funnylike

Because otherwise they’re not confident they can retain talents?

likesmart

We fired/laid off more senior folks and promoted juniors. Pretty much an open secret here.

likehelpful

Yeah how’s it gross to say people are replaceable? We work in advertising, it’s not that hard.

like

Odds are they’re promoted in title only (or with a very minimal salary increase), allowing the agency to bill them out at a higher rate and make a profit

like

To keep the ones they didn’t let go

Safe to say they’re promotions with no raises?

So it could tip over.

@OP “anything they want”

Who got promoted?

@D5 2 a promotion party and the entire design team got promoted?

Isn’t it also the ongoing issue that clients only want super senior people on their accounts?

because they hired too many bad juniors?

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likeupliftinghelpful

All the layoffs happening are these on non tech side or tech side as well?

Anyone here get laid off and then lateraled? Are you happier now?

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Layoffs at Ogilvy NYC...

likehelpful

Layoff in IQVIA?
@iqvia

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