The Many has had two huge rounds of layoffs in like 2 months. How will they get anybody to come work with them moving forward? Will they have to change their name or something? Who wants to work somewhere where there is something around every corner.

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Posting as :
works at
You are currently posting as works at

Sweet summer child

likefunny

EL OH EL

Replace "the many" with any other agency lol. It's a common business practice.

likesmart

This happens at a lottttt of agencies, so i dont think theyll have to change their name

likehelpful

It helps to remember that these are just billable hours businesses. If we charge clients more money in billable hours than we pay in salary and expenses, then we make money. It’s not like Tesla or Amazon or something where the business can lose money for twenty years straight, but investors still fund it because they see a massive payoff coming. If an agency is spending more than its making for even a few months, whoever owns it most of the time won’t tolerate it. Which means staffing ups and downs will keep happening.

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This is what I don’t understand about advertising. Hiring and firing over and over. And everyone falls for it, over and over, and goes to work with agencies with a reputation of chronic bad business management. I asked my agency when I interviewed about layoffs, they said no layoffs. Nine years later, no layoffs.

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I’d suspect that pharma agencies have layoffs at significantly lower rates than consumer. Generally, I don’t think any agency can promise “no layoffs” since that’s up to the budget more than whichever middle manager you’d meet on an interview.

Lose enough clients and money to the point where there’s no work, and I’d kinda expect layoffs.

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Well it’s no longer The Many, that’s for sure #toosoon

likefunny

I think a lot of their layoffs were contractors and freelancers too just FYI

funnylike

Not sure why a company with any understanding of PR (which an ad agency should have) would announce that it is "laying off" freelancers.

The few. The proud. The Many.

funnylike

A brutal mix of poor planning, disconnected leadership, and client constrictions. Them’s the breaks for a small independent that doesn’t have a network to float a bad quarter or two with a scary economic outlook looming. DM if you’re interested in discussing more than gossip.

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They'll change the name to The Few. In all seriousness though, what lead to drop in business? A run of bad luck, changes in leadership? I don't know much about them--I've just seen the recent headlines.

It was Google shopping. But also mismanagement of hiring too many without a sustainable plan.

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Related Posts

Hey Accenture Team!
I’m a L9 consultant based out of San Francisco, California who was impacted by recent lay off at Accenture. I wanted to understand as per WARN Act California employees are to be given at least 60 days notice, however I was only given 3 weeks notice. Can I challenge this?

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Hi Fishes,

Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



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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

I asked for a raise and instead got laid off. Told that after looking into finances not only can they not afford a raise they cannot afford me. But I know for a fact they are replacing me with an Agency that say they can run our Social Media for 500pcm. Is this normal practice these days?

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Hi Doordash 🐠, has there been discussions of layoffs? Is DD planning on doing any? Thanks, from a potential hire

Just got laid off! Any lead Recruiter or Recruiting management opportunities looking for a recruiter with 10+ yrs of agency and in house tech recruiting?

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Is current layoffs only happening in Amazon US offices or Amazon India offices as well ?

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Hi Fishes

Please advice
I am currently working in TCS (11LPA 10 years Exp)

I have 2 offers in hand. TechM with 19LPA & DXC with 25 LPA (23L + 2L Variable)

DXC hired me for Indian client .My job profile on system admin. Work will be on Legacy Technology. Do I get chance to upgrade to cloud and shift to different Client

Most of the review on DXC is negative. How will be job security and work life balance. In most review I see "termination & layoffs." How is current situation in 2022
Thanks!

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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

If you do something on the side for extra cash (like drive for Uber) then lose your agency job in a layoff, does your little side gig disqualify you from collecting unemployment?

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Anyone else tired of having to work so hard to get where you are, only to realize you will be the first one laid off because you aren’t in the “sorority.” Watching it happen is filling me with anxiety

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Hi All,
I am bit confused currently. Please help me with genuine suggestions.I am currently working in TCS since 7 years and TCS was my first company. TCS is giving me 6.25lpa. Now I got an offer of 16lpa in CTS for Automation Testing role. But once I started talking to friends i got to know that one of my frnd has recently been fired from CTS last year due t unavailability of project. Now i am scared as I m single child of my parent and i have to pay emi and handle my household. Please suggest

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

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Can I join in Nokia R&D unit for java, spring boot backend developer role considering current situation of layoffs in product based companies ?

Exp - 4 years
Tech stack - Java, Spring Boot, Microservices

EPAM Systems Cisco Nokia Dell Deloitte Deloitte USI Deloitte India Infosys Cognizant KPMG EY PwC Verizon Verizon Media Ericsson Huawei Technologies

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I got an email from a Cybersecurity Advisory Partner with the subject "Catch-up". Last week we all rolled-off from project abruptly b/c the client terminated the contract. Am I getting laid off?

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Has Deloitte started the lay offs? Link-https://www.reddit.com/r/deloitte/comments/ww02l3/fired/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Post Photo
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Follow up post to my last post…My husband was laid off from the company where I also work. I am feeling really isolated / depressed about working and moving forward. I’m also getting to a stage where I’m really sad that people haven’t reached out to either my husband or myself to send well wishes or provide support. It’s like they don’t know what to say or I make them feel awkward so they don’t bother…I’m trying to focus on a few that have been supportive but it’s hard…Any words of advice? 😞

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Do you think it is quite possible to get fired by asking too many questions as an experienced senior 1? If so, i might get fired after this busy season.

funnylike

Soft layoffs at ProServe today ?

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Big layoffs at Booz Allen Dubai and Abu Dhabi Cyber teams.

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What’s the best savings account to keep money in? Interest rate? Minimum balance requirement? Annual fees?

Anyone been successful negotiating the price of an apartment recently? Astoria apartment listed for $2k with a broker fee trying to get ~$1950.

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Hi all,

can anyone explain how does a BA function in
Accenture ? is it Business process analyst or Business system analyst or both? The specific role is not mentioned in JD. please let me knowAccenture

please reply

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Hey, I have my interview scheduled for Technology Consulting job for SharePoint at Microsoft Services. HR said it is a coding round and the interview is named as HO interview. Can someone let me what kind of questions I can expect in the interview Microsoft . #Sharepoint #Microsoft #MicrosoftServices #Interview

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Recs for gaming chairs? I would use it for work too (long hours working). Thanks!

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A quick note about what I’ve experienced, in my decade long career, is the real advantage of MBB or FAANG - it gives you a shot at stretch roles that are outside your expertise. Not all the time or even most of the time compared to better candidates with specific experience for the role but gives you this wildcard shot at a vast array of opportunities.

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If you had to describe your dating life in one word, what would it be?

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Ride for the day :)

Post Photo
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What is the difference between google and GOC?

like

Should I refer my SO to Google?
(Does she have a real shot?)

She's a Project Manager at a global auto parts manufacturer.
Her role is 30% technical, 70% business (meaning she has good problem solving and stakeholder mgmt skills).
5 YOE+Degree at a top engineering school in Europe
My experience at Google made her interested in joining the company, but we never really acted on it.
Could she be a good fit?
If so which areas/orgs?

(Also, are there any rules against it?)

like

Does anyone here build Microsoft power apps as apart of their job description? Just got asked to take on that task as apart of my role in addition to web design and just curious their experience with it.

like
like

Trying to get ahead of late payments & revisiting my invoice template. What do you guys use? Do you include the due date?

How to understand the healthcare industry in a few days? I am currently applying for a consultant role to help clean up a client’s books for the past 3 years. I have accounting clean up experience in the for profit industry and auditing experience for nonprofit but not including healthcare.

Hey fishes,

I am working as a cloud engineer (managing enterprise cloud for the organisation), some common things I am working on right now are, setting up cloud governance framework, implementing guardrails, enforcing policy etc. I want to switch into cybersecurity expert (specially for cloud) can anyone guide me though the path, the dos and don’ts etc.

Thanks in advance 😀

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Layoffs. Most big firms say they're sitting on a conservative pile of cash - which I believe is true - but work will obviously not return to pre-COVID levels in the short term, probably not even in the medium term. Are Biglaw layoffs coming?

likefunny

Can someone help with the average fixed component of Senior associate 2/ Manager in A&M india. CSG practice.

like

Got a job offer with a lower base salary but a guaranteed bonus structure that puts me ahead of my current pay at the end of each year. Has anyone moved to a position with a compensation structure like this? Was it hard to adjust when it came to your monthly finances?

like

Is this an aggressive position? Would you use final regulations effective for tax year beggining Dec 16, 2020 to support a deduction for calendar tax year 2020? Proposed regulations didn't include this exception. More details below.

Additional Posts in Advertising

Chat Bots and Artificial Intelligence. Ok, go!

like

I got recruited for a analytical role with Ford, it’s a contract to hire position with great benefits, double my salary currently and close to home. The contract is for 6 months then can be hired in full time. Should I take the position or no? What do I have to lose?

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Hey guys! Working on an interesting personal project and would like to know who you guys would suggest as having the freshest haircut in the ad game! Their names, portfolio and agency would be great.

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Why ask me to take the lead on something I was never apart of to begin with? Annoying asf

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Wendys twitter interactions are pure gold.

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Still really want to know how that Strategist's conversation with the boss went today.

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Bookish fish! What’s the best book on leadership you’ve read? Particularly creative leadership.

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Can community managers call themselves copywriters?

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newly-promoted ACD salary in NYC?

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I know this industry has a high turnover rate.... but is leaving a job after 6 months too soon?

like

How much of a pay cut would you be willing to take for a place/job/team where you think you'd be happier?

like

Like this post if you want to TP one of Sir Martin's houses with me.

like

Going in house is the move, right?

like

Do you think non-union is the way to go with casting? I rarely find the talent to be better. Maybe I’ve been on the wrong shoots...Here’s a letter from Sag-AFTRA regarding Mother.

Post Photo
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ACDs in tech, what are your salary ranges if you live outside of SF + what city are you in? I’m in SF (big tech co) and given covid, been thinking about leaving but curious what numbers I would be looking at in Seattle vs LA or other cities with tech companies. Thank you!

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A recruiter from one of the Publicis houses reached out to me about an open position. I'm seeing positions I'd rather have in other Publicis houses. How can I leverage this contact to find the right recruiters for the job I want?

like

YunoJuno. Any jr/mid creatives use it? Good experiences? Worth it?

like

Can someone from Leo Burnett explain why your LinkedIn titles say “Human Being”? It adds an extra step since I have no idea what industry the person inviting me to connect is in or what their title is

funnylike

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