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Omnicom to fire 3,500 people

December 17, 2008

It literally hit the fan. Omnicom is to fire 3,500 people according to Adage .. and it’s gonna get worse. All the major holding companies are in a downward spiral that will entail economic hardship for thousands of individuals. Their clients are flocking away from them and decreasing spending at record levels… great depression levels.

the-great-depression

Chrysler Agency BBDO Believed to Be Most Vulnerable and for good reason this news is on the heels of Chrysler announcing a blanket idling of all their plants what is also breaking at the same time..

In this case things are degrading at such a fantastic pace we are not sure if the companies will go out of business prior to notifying their advertising agencies that they are out of business.

Ad Age is also reporting that Chrysler is believed to owe the holding company some $80 million.

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Written by TheFounder · Filed Under Advertising Agency News 


Comments

  • http://www.tribbleagency.com/?p=3574 LET THEM EAT CAKE! : Tribble Ad Agency : The Advertising Agency of Record

    [...] is about to allow the auto companies to go into bankruptcy, all the ad agency holding companies are firing people like no tomorrow….. and the Bob’s from Office Space are the new growth [...]

  • http://www.tribbleagency.com/?p=3571 Nightmare : Bush to allow auto bankruptcy : Tribble Ad Agency : The Advertising Agency of Record

    [...] to allow the auto manufacturers to collapse into bankruptcy. As it stands now Chrysler owes Omnicom 80 million dollars … and if that happens it appears that Omnicom will not get paid if the bankruptcy judge [...]

  • http://www.tribbleagency.com/?p=3580 Interpublic firing 2,000 to 3,000 people : Tribble Ad Agency : The Advertising Agency of Record

    [...] Interpublic Group inc is reportedly firing up to 2,000 staff, just one day after Omnicom group inc announced it was firing 3500 people. [...]

  • http://www.tribbleagency.com/?p=4899 Chrysler to declare Chapter 11 bankruptcy - BREAKING | Tribble Ad Agency : The Advertising Agency of Record

    [...] Inc if Chrysler will go into Chapter 11 bankruptcy. At one point in December Chrysler owed Omnicom 80 million dollars, and a bankruptcy will further expand those [...]

  • sad girl

    that seems very sad and it is because rite now I am experincing something like that because my dad doesn't have a job and we don't have money its very sad I feel like I can't take it anymore.:-(

  • Thatprettykid

    a down yonder is a book about the great depression and 2010 this yeah were going thourgh a resession

  • Amberlyshay28

    You broke my heart sad girl. I wish there were a way I could reach out and communicate with you. There are SO many other families going through the exact same thing you are. I wish there were something I could do for you, you sound like my 14 year old daughter. All I can say is hang in there and be strong. I have been through a lot in my life and if there is one thing I can tell you that is absolutely true, this too shall pass. It does not and will not go on forever. You are in my thoughts dear girl. Be well.

  • guest

    im not being disrespectful if your poor how do u have a computer (if the computer ure on is ures ) just sayin