This week in layoffs: BBDO NY 😔TBWA/CHIAT NY 😔GSD&M 😔 DDB 😔 OGILVY 😔. Anyone else hit?

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How ddb got to lay off people of there's no one there?

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Isn't it too early in the quarter for this shit?

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And there’s no vacation accrued at the start of the year

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and delayed so the packages are taxed at the lower corporate income tax rate...

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Grey

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I think the agencies didn’t want to do this the week before Xmas. someone has a soul.

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It’s never too early :’)

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Why is this? Is it cause the mom & pop shops are getting more business and/or the larger agencies are fragmented in their solutions for clients?

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i think it’s fragmentation of the space and fees getting lower and lower for smaller scopes of work.

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Some here too

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It’s a 4th layoff. Delayed because the severance then hits in 2018. Makes the numbers look better

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Super bad outlook based on this because usually financial people like to start the year with a smaller payroll if they can and if scopes are worked out in time. My guess is this means a few things: scopes weren’t signed before the end of year when they should have been, they came in lower than expected, and future profit projections are tighter so they are trying to manage with less where they can. Not a good sign for the rest of the year

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I heard VML too

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Facebook and Google are doing fine. Thanks for asking

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Never too early.

👆You had a stroke be the end of the post?

Ah you fixed it.

Was this across the board or specific departments or accounts?

FCB Chi

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So there's a lot of chitchat about people being fired/laid off for the wrong reasons but does anyone actually know of someone who got the boot for the right one? I figure that some of these separations must hold some validity

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I have joined CGI 5 months back and my project is going to end on 31st. So what will happen after that? As there are layoffs going on in the market will it affect? I am from mainframes technology and have only 2yrs of exp. Can anyone explain pls? CGI

layoff news about Amazon is true or just a rumour ?Amazon

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Holy cow. Meta’s 11,000 layoffs today is insane. If we weren’t knee deep into a recession, we are now.

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Hi everyone, really sorry to hear about the recent layoffs. I would be happy to refer to KPMG—please DM me if you’re interested.

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Job transition question: I recently accepted an offer for a new role with Merrill Lynch, the following day I was fired from my previous employer. I haven’t filled out the updated work history background check info yet. The reason for termination was due to performance expectations not being met. Should I reach out to my new employer and let them know that I’ve been terminated? Should I just put the termination update on the background check form and leave it at that? Wondering what I should do.

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Any news on layoffs/recession in banking industry?

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Any agency layoffs yet? (I obviously hope not. Just trying to get a sense of where agencies are sitting.)

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The severance package at Meta for laid off employees almost makes it nice to be laid off depending on what your personal situation is….. personally wouldn’t mind getting 4+ months of full pay to reset and think about what’s next 😬

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Hi there

I am in need of some serious advice. I have been continuously harassed, ridiculed and spoken down to by a coworker who’s now even “threatened” to get me fired etc. We do not have an HR department and the only manager I can go to is also mistreated and not taken seriously. What do I do? I’m terrified.

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Does Globant terminates the employment of certain trainees after their probation(3 Months) based on their performance in the training period? Some of the fresher trainees were laid off this morning without giving a notice or reason.

We were told that the probation period is a training period & not an elimination one. It was shocking as a few of those trainees were actually good.

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Hey guys! Yesterday the company i worked for laid off the people in our state for economic reasons with no notice. I’m in desperate need of referral in entry level SWE/SD(or similar) positions at the moment. Any help would be greatly appreciated. Thank you!

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I was laid off, and I am now trying to pick up freelance while also on unemployment. Last week I made roughly double my UE benefits from a freelance job.

Does anyone know if this will disqualify me from future UE benefits, even though it was a temporary, one-time job?

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S&P Global I heard S&P Global recently fired so many people from Ahmedabad, Gujarat location.
Is it true?

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Has anyone heard about layoffs happening in agencies these days?

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Ah the great Ad Agency Bubble, your agency is doing great, growing exponentially then boom, clients are lost, there are layoffs and there are no raises/promotions for a year. What do you do jump ship?

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Stuck in a weird limbo where I want to leave my job more than anything but grateful that I have one at all with all the layoffs in our industry. It's a new kind of trapped. Anyone else feels the same?

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Anyone else using their layoff as an excuse to finally pursue a new career?

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Anyone willing to offer a referral to Deloitte human capital consulting? Heard there are ongoing layoffs, but there is a really interesting new job posting which fits my background. Thanks!

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I just got laid off — anyone else get hit this round? ☹️

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