So I am a Junior AD that is currently employed and looking for my first job. I see that agencies at times have layoffs. Do juniors usually get let go first?

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In all the layoffs I’ve seen it’s usually people with higher salaries that have been there awhile. Juniors are cheap and willing to do more work faster and more hours

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Depends on the situation. Even juniors can be part of mass layoffs. I got caught in 2 mass layoffs in 2 consecutive years

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From what I’ve seen across agencies (particularly media ones), mid-senior levels tend to be let go first. It depends on how each company evaluates the necessity of each level of employee and the overall business vs. financial impact each layoff will have

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I’ve seen layoffs at all levels at every agency I’ve been at. I wouldn’t say it’s usually juniors that are first to go. It’s usually under performers, people management is looking for an “excuse” to get rid of for whatever reason, or people who can’t easily be re-homed on another team (due to level or speciality or skill set).

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I disagree, while under-performers are usually grouped in with the layoffs in order to avoid any repercussions or backlash on the dismissal, it's usually a financial decision and often involves entire disciplines (e.g. we can't afford strategy, or art buyers, or experiential producers, etc.). I've seen entire account teams let go because the client left even though there were amazing people on the team, just no where to place them. Bottom line, it isn't a definitive formula but it always sucks.

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I’ve seen juniors and low level employees let go simply to offset the high-salary senior staff that was let go, just to avoid ageism lawsuits.

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I’ve seen interns get laid off, all in the same day. No one’s safe.

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Hello fishes 🐠🐋🐟,

Please help me out here.... Your input will be really great.

I have herd that currently most of the companies are in hiring freeze. (Holiday season, recession or layoffs).

I am trying to apply job for many companies since last month, and i haven't got any response from any of them.

Are there any Organizations still out there who are hiring/open for referral and are in position to handle recession.

Please comment your thoughts. It might make someone's day.

Thanks.

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Stat up tech company in healthcare: 20% of company being laid off today; cross the board pay cut for remainder.
Looks like things will be getting worse.

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6 months pregnant and just laid off. And 40% of my severance was just taken in taxes .. I just spoke with paid family leave and I no longer qualify even though I had been paying into the program (thanks NY).. I already applied for unemployment but doctors are telling me I’ve got 10-14 weeks left in this pregnancy.. so stressed having twins and being unemployed, no maternity leave, no paychecks coming in, and I’ve been applying but not a single interview.. just ugh. 😭

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While negotiating the offer the recruiter came back to me and said "We’re working through headcount planning right now. The position you applied to is closed". Looks like a hiring freeze. Does this mean layoffs are coming up? What about the candidates (like myself) who cleared HC and was in negotiating process?

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Hey all, ~7 years I've been working with fixed income analytics (duration, spread, etc) and perf attribution for institutional inv mgmt firm with close to $400B aum.

I'm being laid off in a couple months. Should I say I'm being laid off in interviews? Or is that a negative? I get severance if I stay the whole time so ideally I can time it. Have finance degree, CFA charter.

Most of work has been IG, but also some HY, EM and equity. Want to go into equity research/PM- worried I'm pigeonholed

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I've changed jobs every year for the past 5 years, within the same field; I haven't worked at a place I would consider spending a long time at. I've never been fired or even written up, but the job changes are reflecting as negative when looking for a new job. Any suggestions to get perspective employers to give me a chance?

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I’ve got a really good job. Wasn’t looking to move but a big 4 consulting firm reached out. I received a very generous/life changing offer. I’m so worried about work/life balance if I take this offer. Also worried about layoffs in a year or two when the market gets back to normal. I’ve got an infant and a 5 year old. I know that I can manage my current workload. I don’t want to pass up a great opportunity but I’ve got to be available for my family too!

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Cross posting from the Creatives bowl: Got laid off while facing long Covid and feeling out of options. Any advice on how to get a decent severance package?

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I heard from my head that there is a lot of slowdown in VW Germany... There is Hiring freeze, level freeze and all ... And soon that will spillover to india. So be prepared for very less hikes in coming cycle :( Also automotive sector in general is struggling with tesla laying off 10% workforce recently. Maybe time to make a move? What do you say fishes?

When taking a position with a startup…. What kind of questions should I ask regarding their financial stability and retention? How should it be worded without coming off offensive? I want to make sure they can afford me and I won’t be laid off in the near future.

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How is everyone planning for potential layoffs?

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It's layoff city here in Southfield.

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Looking for respectful ways to manage helping people in need of a job or seeking mentorship. I get 3-4 requests a week from mutual contacts asking if I can connect with a former colleague (always broad). Typically the ask is a 30-45 min call. I’ve been laid off, I know how hard a time it is, but equally am working long hours, parenting and want to reserve time for those I know. How do others manage these extra calls into their weeks?

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Hey Fishes,
I am suppose to join BNY Pune on grade I very soon. Wanted to check on how is the bank doing in the recession time. Any chances of layoffs predicted? Is the bank suffering any loss?

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Has anyone heard of Big 4 TAS layoffs?

I’m currently a tax accountant with 5 YOE. I want to move into a business analyst role I’ve applied for entry level positions (competition is wild) and willing to get certs. I have great hard and soft skills that should transfer pretty well. Any advice on getting the ball rolling? Should I get a mentor? I’ve seen a lot of layoffs too which kind of makes me wonder if it’s worth it.

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If we actually did move to a single payer healthcare system (Medicare for all) and companies no longer offered healthcare plans, would you switch from staff to freelance?

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