So we just laid off 30 people and no longer have a CFO...but as of this week there are like 10 newly-promoted VPs? Cool, makes sense. It's all downHill from here.

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When I was promoted to VP, it didn’t come with a raise. So maybe these titles were handed out like candy to entice people to stay. Stupid strategy, but that’s the mentality of some agencies.

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CD1 - I’ve seen multiple agencies do this and it always works against them. Most of those talented individuals end up leaving and using their newly acquired title as a selling point.

Full transparency, forecast planning and even a temp pay cut by c-suite can help most of these wasteful layoffs. Giving a few people title bumps while everyone else feels like they’re next on the chopping block, does not help.

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Y’all need to work on recruiting top talent - some of us want to live in Boston god damn it

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Margins on Telcom not $$$ sadly

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At this point I think it’s more than 30 - there have been layoffs on 3 days within the past week. 😑 but cool, keep promoting your bros. Makes sense.

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Welcome to advertising. Angle for a promotion yourself. Now's the time, as restructuring is afoot and lord knows it won't happen then.

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Frontier paid for the VP promotions. That’s it

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Well at least you'll be getting a more talented CFO soon...ours. 🤨

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😞

Damn!!! Laying of a CFO, that’s pretty bad. That guy/gal must of not had a clue on how to help the business through a restructure or was complicit in allowing the biz to take financial risks they shouldn’t have, either way, mate must have fucked up bad to get cut, that’s a pretty hard role to cut in any company.

Also sorry to hear about the 30 other cuts, seems like an all around shitty day mate, grab a drink, it’s only Tuesday.

Restructuring?

Did you just get bought by a holding company, or are you about to be?

Didn't you just win frontier? Telecom should be $$$

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Dust off contacts and make your rounds
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Hi!!
I am looking for a referral for Marketing/Product management role, lost previous job in a layoff.
YOE: 2.5

For our recently laid off fish/ fish looking for a switch:
Do you have experience with Anaplan or willing to learn it? We are hiring! DM me for more info.
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