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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