So IPG and Omnicom merging according to WSJ. Thoughts?

likesmarthelpfulfunny
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Layoffs will likely be next September, mainly at the holdco level and a few small shops under each will fold. Hopefully Omnicom improves from IPG people and processes.

like

But it’s an ‘exciting new chapter’, you guys!

funnylike

Anyone think there’s any chance this “merger” will fall through as did the PUB/OMC did a decade ago?

like
Recent IconRecent

Layoffs are coming.

likehelpful

Less agency competition is always a negative for workers. This is a net negative

like

coming from omnicom to ipgh, things are going to go backwards. ipgh is a lot more organized and advanced than omnicom, hopefully the right leaders are put in place.

also get ready for 5x a week in office

like

Plus Omnicom pays a lot less and the benefits are not as good, so going to suck for IPG staff. They should start looking now because there will also be massive layoffs.

like

Layoffs is the correct answer.

likesmart

Can’t wait to get laid off from MartinBBDDBO & Silverstein & Partners.

likefunny

What’s our escape plan? Seriously. This industry isn’t a sustainable place to work. This merger is the latest big sign of that

like

IPG Already started to layoff the employees ...I work in UM and 2 of my Collegues already left becz of Pressure of work load ...

like

This tells you everything you need to know. Per the NYTimes: “Omnicom’s shares fell more than 6 percent in early trading on Monday, while Interpublic’s stock jumped 10 percent.”

like

This is called price correction in the market. Expect this to soar post acquisition.

like

I dont love that they will become #1 holding co but I do believe it will be short lived.

I’m interested to see if they have any major competing clients that might threaten to leave (an example when mediacom got Coke as a client and Pepsi dropped Mindshare as their agency in a lot of markets)

likesmart

Nothing is going to happen until the summer at the earliest.

like

Deal epnt close until June

An IPG employee moving to Omnicom increases the IQ of both companies.

funnylike

That will be a formidable advertising group.

likehelpful

Yep...layoffs are on the horizon. I was impacted by recent merger.....corporate restructuring?? Yeah ok....workforce reduction so execs make their bonus. SAME pattern.. 😒

like

That will happen with or without a merger.

They didn’t take it. It wasn’t vested. It’s illegal to just take it.

like

John Wren is calling this an acquisition.
Not a merger

I'm so proud they laid me off and took almost half my 401k so they could keep a high valuation to make this possible. My retirement plan is now my lack of health care so this all works out for me too.

amy.houston@thedrum.com if anyone wants to speak anonymously about morale.

Related Posts

Which agencies in San Francisco are weathering the storm the best? I haven’t seen much about layoffs or furloughs. It seems like the bigger agencies in NY have been hit harder.

like

Is Paytm payment bank a safe option to join? Heard about the layoffs, poor wlb and culture. Genuine reviews please?
Paytm

like

Any layoffs in Luxoft , will there be any difficulty for bench employees

like

With so much uncertainty in the economy and waves of layoffs that have hit tech especially hard... do we think there's really such a thing as a recession-proof job anymore if you're not an "essential worker"?

like

Hi connections, I was fired by my company Home Credit yesterday, 70% of my channel has been fired. I worked here as an Engagement manager. I lead the project of inhouse products where I deals with B2C centric markets( Usability of products, cross-selling, contact policies, PNL setup, awareness etc) as well as the B2B centric marketing segment ( end-to-end project management, defining performance metric, gathering information, recommendations etc). Plz give me a reference, connect on 8544357887

like

S&P Global Hey everyone, Heard this rumour that huge layoffs are going to happen in S&P global india....can anyone give heads up about this ?

S&P Global

helpful

Howdy…I need a sanity check! As part of my previous role, I reported security non-compliance and gross security misrepresentations. For my valiant efforts I was laid off (despite being a protected whistleblower) and my reports were buried. Everything I did was in line with my responsibilities. I was extremely concerned that systems housing personal credit data on all US consumers were not adequately protected. I essentially risked my job to protect data and I’m not sure if it mattered.

With a recession around the corner - two questions:
1) will there be layoffs at Deloitte? My concern is we hired so much ppl this year.
2) will there be more work in org design? Just saw the Robinhood 9% workforce layoff announcement.

likehelpful

The week of my wedding, my husband (PL SQL Developer 4 yoe) was laid off. That was a couple of weeks ago. Luckily I'm still bringing money in as a software engineer, but I'm looking for advice on how to support a partner who has been laid off. Ultimately I think we will be ok, but I know he's hurting / stressed / and could use a supportive partner.

likehelpful

FX & Treasury Sales Job at a bank in India

I work at an US bank in a middle office role in India but I’m not liking it much because it’s process oriented. Now I’m getting an offer from an Indian based bank for the Treasury and FX sales role but I’m so confused about the job security and targets. My questions are below:

1) Will I be asked to work for 12 hours?
2) Will I be given targets and if I don’t meet it, will I be fired or something?

like

So why do company merges result in mass layoffs?

like

Good afternoon, I was recently laid off and am looking to fill that void. I have 13 years of healthcare experience, 5 years in the legal field and 5 years in Marketing and Sales. Any referrals to reputable companies to grow with is greatly appreciated, remote preferred! Thank you in advance!

Post Photo
likesmart

So I've had 2 hiring managers and several recruiters from Amazon reach out to me about applying for some open positions with the company (android). I completed the coding assessment and now they want me to go through a round of 5 hour interviews next week. Is there a good chance I'll be hired if engineering managers are reaching out to me? I'm really not sure how badly I want to work for them and I don't want to be laid off months after being hired on. Anyone know what Amazon hiring is like?

like

Hi Verizon Fishes,

Need your feedback on Verizon India Job security, I will be joining soon in Verizon. I got some negative feedback from social media that Verizon fired around 1000 employees without notice. It should have happened on 2019.

Can you pls share your thoughts on this?

Thanks,

like

Anyone expecting layoffs due to COVID-19? There’s an indefinite hiring freeze and most promotions and have been paused. 👀

like

Is this layoff?Amdocs

Post Photo
helpful

I was fired after I reported a partner for a serious (criminal) ethics violation. The firm covered it up. Are all companies like this in the end? I’ve lost my trust and don’t know how to start over.

like

I have not been on a project for over 3 months. Since I joined, I have been put in training. The training got extended by a month and now it's close to 4 months since I joined and without a project.

What should I do? People say that I'm lucky to get paid without doing any work, but it is stressing me out. I need the experience. The uncertainty is freaking me out, with rumours of layoffs and the certification program and all.

How do I get into a project? How long do I have to wait more?

Compared to other models, how does PDM typically fare during layoffs? What service/industry would you say has been the safest?

like

More Posts

Has anyone got any idea when/ if we’ll ever be notified if we are “safe” I was told to expect comms today...

like

Any paralegals ever switch to a legal tech company? How did you like it?

like

Any tips for finding remote paralegal roles? I am currently a senior corporate paralegal.

Friends I received offer with joining date did not take it due to family emergency then this pandemic came now no joining date for me. How are you guys doing are you getting new people onboard?

Recently joined Meta and want to give back to the community that’s been a huge support.

DM for a referral if you find an open role that interests you and you meet the listed requirements.

like
Post Gif
like

Exam scores are up!

LTI is Hiring for below Oracle - BU positions

Need immediate to 30 days joiners only

Location: Bangalore/Mumbai/Pune/Hyderabad/Chennai

JDE CNC
YOE :4 - 10 Yrs
Skill : CNC

JDE Finance Functional
YOE: 4 - 10 Yrs
Skill : FUNCTIONAL-FINANCE

OCC (Oracle Commerce cloud)
YOE: 4 - 10 Yrs
Skill :OCC

Oracle Flexcube
YOE :4 - 10 Yrs
Skill: FLEXCUBE

Oracle CPQ CLoud
3-5 years of experience in Oracle CPQ Implementation & Support
location - Mumbai

Interested can Dm with job role

Post Photo
like

Is there anyone affected by the firing that happened at Axtria Inc. recently? I heard that they called a few folks, and asked them to resign and submit their laptop and leave.
Axtria Inc.

like

I think I need Ex bankers as friend and accountants. I need people who we can discuss deals in the swift world with from time to time. I need people with great ideas in my life

funny

How is Luxoft. Are they send employees to client place. Or we have to work from Luxoft office only.

I have around 1 year of experience in Java and total 5.5 years in total.

I got a lead role in a company with good package.
The role is of java fullstack, microservices.
I studied hard on spring boot and microservices but my hands on experience is less.
Would I be able to survive,I am a quick learner and deliver projects on time....but first time switching so asking.

I am currently a Program Manager at Amazon who used to be an EA. I was really excited to switch job families and get into the PM space, however I feel like I really miss being an EA, and am thinking about going back to the role if I find a good team. Has anyone had experience doing this, and what was your experience like? I’m very conflicted.

like

Hi Fishes,

Looking for a job referral for Production Support L2/L3 role.
I have 6 years of experience.

Do let me know if any openings.

like

Had interview rounds with client, director, partner however no round with HR but today got a mail for documents. Can i expect HR round now?

like

Hi Everyone.

Is post graduation (CSE Pg Couse/MBA) required to grow a person's career as SAP Consultant?

I am confused.
Pls explain with real time examples if any.

Thanks in advance.

like

By when salary will be credited to accounts? Can anyone say where can we find payslips?

like

Guess work must wait.

Post Photo
like

L'Oréal Hello Fishes! Looking for a contact or referral in the below firms. Kindly help me in my job quest. Mastercard, Unilever , Visa , Google , Stripe, Paypal , Nike, Adidas, Apple, Netflix Amazon, Walmart, Ogilvy, Fractal, Meesho, Kearney, L'Oréal , Mindtree, Udaan, Thoughtworks, Swiggy Any help here will be appreciated. Thanks!

like

Do you really work 8 hours a day?

likefunny

Additional Posts in Advertising

What is the hourly rate for strategists? Asking for a friend.

like

If you got fired tomorrow, how long can you go without a paycheck? Assume you get 1 week of pay for every 6 months worked, and then can do unemployment after that ($425 a week)

like

What, exactly, are these Archive global creative "rankings" based on? I see people posting/humbled-and-honored'ing on LinkedIn and feel like posting that I'm the #17 CD/AD/Freelancer as ranked by both Better Homes & Gardens AND Cat Fancy Magazines.

likeupliftingfunny

Having the clients love an idea you had to fight to present is a bittersweet win- you feel validated, but also wish your team backed you from the start...anyone else experience this?

like

Hypothetically, what might happen, if Strat said to fishbowl they needed a virtual hug? Other than CD potentially saying something snarky and mean ...hypothetically only.

like

👏🏼🙌🏼👏🏼🙌🏼👏🏼🙌🏼👏🏼🙌🏼👏🏼🙌🏼👏🏼🙌🏼👏🏼🙌🏼
A-list #2!! And congrats to wieden I guess whatever

Post Photo
likefunny

It took the horrific and completely inexcusable death of George Floyd to move the racism issue to the forefront. And while it’s a crime of a much lesser degree, with different circumstances, what’s it going to take to get ageism properly addressed? Intelligent thoughts/debate requested only please.

like

You ever have one of those days where nothing is going your way, and then you buy some ice cream to bring home, and then the ice cream falls on the floor?

likefunny

So why do company merges result in mass layoffs?

like

How do I become a freelance creative who WFH? Don't mind coming into the office to brainstorm, etc.

like

Pros and cons of working on an auto brand?

likesmart

Are there any LA brands/agencies who would consider a candidate that’s not in LA... aka work from home (same time zone though)? 🤔

like

Are there any solid recruiters in SF?

like

Our industry needs to change the way it does recruiting. We make it impossible for people to apply directly to agencies. Relying on employee referrals gets good "culture fits" at the cost of diversity

like

Favorite free item in your office ?

like

When my boss asks me to send him a recap of what I’ll be working on next week but things are slow because all my campaigns are paused due to the upcoming Civil War.

Post Photo
likefunny

What was your most amazing day in advertising?

likeuplifting

Too late in life to start a cult? Getting kind of old for advertising.

likefunny

If you got fired today would you have a Bach up plan? What would it be?

like

Two months ago applied for a "dream role" at a "dream company" (not an agency). I am qualified for the role & they are looking for ppl with agency experience. a few days after applying a recruiter

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal