Omnicom : We save $116,000 for each person we fire
September 8, 2009
Jim Edwards at B|Net outlined a report that showed that Omnicom saves $116,000 a year for each person the ad agency fires.
And even after firing thousands of people, the revenue is falling faster than staff and operating costs. Meaning that the chances are layoffs will continue and even expand as the business continues to collapse in the current environment.
This is exactly how management views their creative department and the employees of the advertising agency. You cost them $116,000 a year, are you making more than $116,000 a year for them? Could they get someone in the door at $50,000 and do your job? Could they get someone in the door at $100,000 and do the job? Could they fire you and just offload parts of your job to a few people and just save the $116,000?
That is what it’s coming down to, and if you think otherwise you are seriously mistaken. You cost them money, and they are looking to cut costs meaning you are directly in the line of fire.
Amazing stuff, it’s never been this bad, and it’s expected to get somewhat worse before it becomes better. The current projections have unemployment reaching 10% to 12% according to the U-3 and nearly 25% according to the U-6. That’s the great depression level people. Even now a debate rages over the standard the government uses to measure unemployment.
Well at least most of us don’t live in Detroit, where the unemployment rate is now exceeding 30%
Related Posts:
Comments
-
http://realurl.org/twitted.php?id=3857265976 Twitted by thefounder
Recognized by Advertising Age Magazine as top Power 150 news outlet for Advertising and Marketing.
Recognized and listed in Google News. Don't stress, we're Satire
Ad Agency Advertising
