USA has been hit with the largest amount of layoffs in our industry, since I arrived here 10 years ago.

What a f*** is going on? Is Trump the reason?

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What’s happening is the business model is shifting and we haven’t shifted with it. Consultancies like Accenture are eating our lunch on digital. And we keep giving tons of work away for free in hopes that clients will stick with us, but meanwhile last year there was a 30% drop in creative assignments to agencies last year. We need to adapt or die

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This happens every year there just hasn’t been a way for people to communicate until now. As agencies win new biz they will rehire.

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I cant say i understand the complexity of everything an agency does, but in terms of animation and video i have my guesses about layoffs. The budget for comparable work at an agency, vs a small production studio is staggering for the same product. Ive seen commercials that are nearly identical in scope- same length, number of actors, locations, graphics, etc... 5 million dollar budget at an agency, 300k at a small studio. The clients are seeing real competition in terms of cost efficiency, and are either seeking out small hungry studios willing to take jobs on small margins, or building their own in-house studios.

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Trump is a pissant compared to the people who are the real reason. People like him (the average person’s “very rich”) are just an easy patsy.

He’s still clown shoes though.

He’s the reason for everything

Senior Vice President 1, I would love to hear your honest opinion

Systemic reasons. Clients have pushed margins to the edge of zero profit. Some high level work going to consultancies. Some low level work going to Facebook and smaller shops (things like testimonials, digital/banners/social work, and ads specifically fir those channels). All of that affecting topline revenue. The federal tax plan may have a negative effect on pharma but likely not other things. Actually expect it to help advertisers and agencies by extension.

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Throwing this out there. My company was recently acquired and I was laid off yesterday. I’m currently 6m pregnant so looking for a company that isn’t going to have a problem with my giving birth in 3m (looking for a miracle). 13 YOE in Marketing (Brand, Digital, Product, Ops). You name it, I’ve probably done it. Team management exp but not required in next role. Just looking for 100% remote, flexibility, and company that puts families first and won’t give me a hard time about doctor appts 🙏🏻

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NDAs - signed my first one as a part of a severance agreement. thinking about leaving an honest review for this company, but unsure about the liabilities that come with this. (NDA mentioned no defamation) leaning on the side of letting it go, but this employer sucked BAD and i want others to know. ik its hard to give a straight answer bc it depends on the agreement, but wheres the line between bad mouthing vs your honest experience?

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Laid off, any tips on how to gain experience/sharpen resume while job searching? I was in a project management support analyst role/ Venture capital sales role. I’m thinking of getting certifications to increase marketability

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More layoffs last week at Leo B. Seems they went after more Seniors & $alaries. Thank you France.

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WFH/Layoff/Security
Hi,
CCTC including all benefits is 16.57 with 8.3 YOE, primarily focused on Manual Testing.
Is it worth looking for another opportunity?
I am afraid after seeing layoffs news of EPAM, Publicis Sapient & most of the other companies calling employees in the office.
I love my WFH in PwC India & base location of Kolkata. & the best thing is stability in PwC India, they never lay off!!

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Have an offer to start at Deloitte in July in Org Transformation consulting. If it doesn’t get pushed out because of the virus, is it a good time to switch firms in July? Concerned that layoffs may be imminent if I am so new to the firm. I will be coming in at the Consultant level if that matters.

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I started a full time in-house design job that pays extremely well. I barely have to work at all. This makes me very confused since I kept hearing stories of people working 60+ hr weeks as designers at ad agencies. I am not complaining, but I have this creeping irrational feeling that I’ll get fired for not working even though there’s nothing for me to do. Should i be making up projects or asking for more work? Or just chill out? I just feel very confused. Are a lot of full time jobs like this?

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After 6 years of temporary contracts and unstable situations, I find my dream job in my dream company. All of a sudden the world goes upside down and I get laid off. I start sending hundreds of applications, with only 2 recruiters getting back to me to say I don’t have experience for the job (this is how it works in Italy). Add a terrible health situation in my family and it seems there’s no light at the end of the tunnel. Ugh. 😞

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I'm thinking I won't be getting promoted if not laid off at the end Q2 or sooner. What are some good exit ops for an associate with 2 yoe in tech consulting? Exp in Cloud, PMO, IT Risk, and SoD.

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Any news on layoffs/recession in banking industry?

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Layoff in IQVIA?
@iqvia

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Is it just me or do 90% of the jobs being laid off by big tech sound made up? Many job descriptions with multiple bullet points that all kinda revolve around the same idea. One of my buddies works for a big IT company and literally just sits on meetings all day. No one really contributing to anything other than agreeing to whatever the speaker is saying. Are these kind of jobs finally being exposed? Six figure employees getting paid to sit and bounce ideas off each other?

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Lol shots fired

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hearing there was massive layoffs at concentric today. in the dozens. can someone confirm or refute?

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Hi Team,

Few days back I had a post stating that I would be joining one of the consultancy by end of this month, my question was will my joining date be impacted due to the current tech layoff. Is there a way that the new employer can monitor the post and take necessary action?

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Just found out I got laid off. Cheers to the weekend 🍺

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Morning! Being laid off sux, I been down this road 5x in my career it never bets easier.

Dust off contacts and make your rounds
* if you’re in a good position to take time off do some, seems we all need a mental break anyway

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Paypal Hello, I've been offered Data engineer /Software Engineer at PayPal, india.

How's the company doing, is it profitable? Bit skeptical about the recent layoffs at PayPal.

Any data engineers at PayPal around? Whats your thoughts, how's the team doing and how would be the growth?


YOE - 5 TC offered : 19 Base +10k RSU (3 years)


TC seems to be a lowball, but that's their budget, no scope of negotiation.


Is it worth joining paypal

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Has anyone here ever been fired for being rude to a customer?

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PwC India Hi Folks, I left my stable job at Deloitte USI and moved to Germany for a better job. But my mom had a major health issue and I'm planning to travel back to India to support her as I'm a single child. I'm working in one of the top organisation in Germany with a base of 90k euro and looking for good opportunities in India. Availability: immediately Tech stack: SAP BASIS/Hana with azure/GCP Exp: 8.8 EY PwC India Pwc AC Accenture Deloitte HCL Technologies

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What will be the inhand salary at tcs on 10 lpa

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Hey everyone. I found out we are expecting our first child and I’m really nervous. I got into consulting one year ago and I’m up for promotion this year. With timing of our performance conversations I would have to inform I’m pregnant before outcomes - then shortly after the promotion effective date I would go on a leave for due date. I’ve worked really hard and I’m worried our wonderful news will throw chances with this :(- also if I don’t get promoted pretty sure it’s up or out. Any advice?

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Anyone have any insight into working at Epsilon Chicago?? Much appreciated!

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Is it a red flag if, after almost two years in a full quota carrying and selling role I want to take a lower role at another company in order to break into a field (tech sales) I want to work in? It’s better pay - closer to home and at a company with a better reputation?

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Hi JPMorgan Chase

I got mid year promotion to a 601 level. What can I expect in terms of hike and bonus in the year end?

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Hi Guys,for 8 yrs of experience as a HR how much salary hike one can get...my current CTC is 8.8LPA and have an offer of 11.5LPA ..is this a decent hike as I was expecting a bit more

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Looking to join Holcim a cement company as an Electrical Engineer I in Alabama.
What is a fair pay with roughly 2 years experience and an EIT license.

Is $80,000 fair to both me and the company. Since I'm really on the cusp of being an Electrical Engineer II?

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Anyone From A&C going to office ?
Is there any space or floor allocated

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Any thought on tax resolution or going to work for a tax resolution firm?

iManage can kiss my ass. It shouldn’t take me 5 minutes to open a document.

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How much time BNP Paribas required to release offer letter after document submission.

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Bedtime stories for accountants

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Can we extend the joining date in sap labs because relieving date and joining date is overlapping on 22nd August 2022

What’s your biggest legal mal concern?

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Anyone from PA ever have thoughts of switching to a medical field like RN, MD, PA etc. ?

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Hi All,

I joined Sunlife on 29th Nov. Till now I didn't hear back from anyone. Not sure about if my laptop is dispatched or now.

I'm living in Bangalore and will be working from here only.

Can someone please guide me, what I need to do?
Given contacts are not helpful.

Brand new to the world of stocks. Started research 2 weeks ago.
Can anyone help out regarding where I can find list of 'compliant' platforms specifically for Deloitte? Ex: Robinhood not allowed.
Thnx

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Additional Posts in Advertising

When, if ever, is it appropriate to consult your SO about creative?

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Any tips for securing freelance work with US agencies when you live abroad? My work is pretty solitary and I could fly in for workshops or a major presentation.

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Sarah Thompson’s name is not on the list 🤔. Thoughts?

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How do you not go absolutely batshit with anxiety while job hunting?

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Those let go by Y&R/VMLY&R - did you get severance and how many months?

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Modern problems require modern solutions.

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Enjoy a schadenfreude moment! Naming: the first thing ruining m&a.

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In a typical advertising creative team structure, who vets the new hires? ECD? CD? Trying to get some clarity as I work at a small shop with CD being the highest title.

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I need to leave my company to grow (and bc it’s going downhill fast) but I can’t bare to leave my boss. He’s the perfect boss and makes my day brighter. I couldn’t imagine working without him. Help.

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I've written nearly all my friends' Tinder bios. And they're actually getting more matches. Definitely gonna put that shit in my book.

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Anyone in NYC area have an actual office instead of open floor plan? #CantTakeItAnymore

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Have any creatives experienced the "favorite team" thing? Where all the work miraculously goes to them? Brief after brief. Time after time.

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It’s Friday who’s partying

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Finally got major client signed. Got high-fives from CEO who’s already marketing said major client. Can’t get finance to approve freelance needed to actually do the work.

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@Long-time creative freelancers, please enlighten the masses about why you might make a better staff hire than say, someone with nearly all staff role experience. Help clear up this weird prejudice.

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Do you ever let how well/poorly your day is going affect when you're interviewing someone? I've been in interviews where it's obvious the interviewer wants to get back to work asap

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I’m looking for some new things to read or listen to — doesn’t need to be ad-related. Books, podcasts, whaddya got?
I’m not really into fiction, but open to anything. Last books I enjoyed were Junior and Moonwalking with Einstein, last podcast I binged was Startup (Gimlet).

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Interviewed on Friday, they started talking salary Friday afternoon & said I’d hear back “next week.” Still nothing... Obsessively checking email... This whole patience thing is hard, amirite??

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When negotiating salary, what’s the highest you’ve ever asked for and actually gotten it? Did asking for a crazy amount ever backfire on you?

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which agencies in the city are creative driven rather than account driven

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