The Wall Street Journal article about WPP is pretty damning. 15% (now almost 18%) stock drop in one day? The article claims it’s due to client loss and the rise of AI. Huh. I’m not an expert, but MAYBE they shouldn’t have pushed out their top creative talent with arbitrary return to office policies? 🤔

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

I think you're looking through the wrong end of the telescope here. Losing the $2bn Coke media account has probably had more revenue impact than a botched RTO policy.

likesmart

“Wrong side of the telescope”. I’m stealing that one.

like

Losing the coke and mars media

like

We are forecasting a 3-5% revenue contraction and lowered our profit guidance. Would make any company’s stock drop.

like

6% drop for second quarter too. How can you do this badly?

It’s the beginning of The Great Retraction for agency holding companies. They’ve squeezed as much profit as they possibly can out of their client relationships and the numbers just aren’t holding up for Wall Street. LOTS more of this to come.

like

Beginning? It’s been happening since 2022.

We care about creative leadership. Wall Street and the rest of the world do not. You are indeed looking in the wrong end of the telescope.

like

Related Posts

Anyone at Deloitte ny in M&A or due diligence willing to chat?

like

Can any one give me referral in NielsenIQ ?
For Machine learning or Data Science
Yoe:3
PL: pune, bangalore

like

Hello Guys,
We have below two opening at @
ServiceNow for Good experience into Big Data, Spark and Java

Staff Software Engineer : https://smrtr.io/9C6ss
Sr. Software Engineer : https://smrtr.io/7Vzvk

Please go through with JD and let me know if you need the referral for the same
ServiceNow

like
like

A few extravert friends texted me over the weekend, panicking about WFH mandates and being socially isolated. I do not share their pain! Nice of them to care, though ❤️

like

I got job in FUJITSU LIMITED through capegimini , how is WLB for contract employees

So are we officially DAT or are we TRUST or can I finally update my LinkedIn to ‘screenshot monkey, CPA’?

funnylike

I lead our SOC practice for a US mid tier cpa/consulting firm. I've been losing a lot of deals due to lower cost / boutique vendors who are partnered with these SOC automation platforms (Vanta, Laika, etc.). Have any of you used these tools for the audit and what has your experience been like? Thanks

like

Any strong performing seniors looking for a pay increase and potential fast track to manager? Reach out to me. Expanding the team and would love to bring in some new talent.

like

I have an interview coming up for internal audit manager. Currently in external audit. When asked about my experience in ERM - what would you say Is transferable skills that I can leverage in my answer?

like

Hmm... Swagat nai karogey hamara :D

like

Hi Folks,
Hope you are doing well, I need valuable suggestion on few of my queries.
I had joined
KPMG(KGS) on April 2022, during the interview i have been told that i would be working on Java Backend Development as my background belongs to same technology and my interview was also happened on Java/Spring/Microservices; but they put me on Low-Code / No code Platform and its totally tool based work. I am frustrated with the current work as i didnt find anything productive to learn.Continued in com KPMG @

like

How is it like to join Virtusa as a fresher?
Please share your feedback

like

Hi,
Looking for reference in Analytics-Data Science.

I am a fresher with an MBA in Business Analytics.

like

I'm moving to NYC in three weeks. Meeting suggestions in SoHo and midtown?

Hi, can anyone refer me in PWC? I have the Job ID

like
like

Hi folks,

Am planning to put a paper in November as am having 90 days of notice period so my last working day will be on January next year. as per current market and next year recession is it good to do this now?

Tech stack: java Fullstack developer

Please pour your suggestions

like

Additional Posts in Advertising

Remember The Woo? Yeah, me neither. Well, they cut everyone’s pay (except mgmt of course) by 1/4 to get the small biz gov loan, and used it to hire a $500k/yr mgmt head. Agency still working barebones

like

Looking for senior designers that knows shopper marketing. Please DM with books!

Okay, but do you pronounce it GIF or GIF?

like

Did anyone get a cost of living / inflation raise this year? I heard some people getting them within my agency but I definitely didn’t 😳.

likefunny

Starting my first in house role (at a non profit/NGO) on Monday after spending 9 years in agency. Any tips or words of wisdom?

like

We are hiring for several marketing roles in NY and Cambridge. Want to work for a good company with even better hours and pay? DM me. Sample roles open (below)

like

The bond yield curve just inverted. If you don’t have to make any major purchases for the next year, that’s probably a good thing

like

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

likefunny

Whats 72andSunny’s NYC office like at the moment? Doing well or flailing like the rest of us? Been trying to get my foot in the door there for a while

likehelpful

Which do you prefer?

“Give me a deadline and I’ll get the work done”
or

“when I get this done I’ll let you know and we can figure out when the client will see it.”

like

What health/pharma agencies are in SF?

like

In your agency, who owns brand strategy implementation and brand experience across channels (storytelling (communication goals & brand narrative), brand content recommendations, tactic ideation and approach, user experience, etc.)?

like

Are Droga or Anomaly open to sponsoring work visas for mid-senior folks outside of the US?

like

Did you have a therapist as a child? My wife wants our 8yr old to start seeing someone to help work though his coping skills, ADHD symptoms..etc. I worry about the stigma and how it will make him feel about himself. Did anyone have a good experience as a child and can recommend?

like

Confession: I never finished hey whipple. Got busy with work and life in the middle of it and never picked it back up.

I’m doing pretty well professionally 🤷🏻‍♂️

likefunny

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

In NYC going from Junior CW to Mid at same agency. Currently making 72k. How much to shoot for?

like

VMLY&R merged with Geometry, to develop the "most powerful commerce capability and ad agency at global scale", who's worked with them because this seems like a stretch based on my experience with both.

likefunny

Vayner? Anomaly? Ogilvy? Which one to jump to? Account Mgtm!

like

Agency producers- 3D animatic vs animatic vs boardomatic? Which medium do you think tests better in research?

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