34 roles ‘at risk’ of redundancy as Publicis Groupe exhausts other cost-cutting options
Publicis Groupe has admitted that 34 roles “in a small number of our agencies” are “at risk” of being made redundant as the holding group grapples with the impact of COVID-19 on media budgets and, therefore, revenue.
Since the middle of March, Publicis has “exhausted all cost-containment measures before considering making any roles redundant”, it said in a statement. “Through all these measures, we have made sure our employees at the entry and mid-level have been protected.”
Publicis is not alone in grappling with COVID-19’s economic impacts
Does 34 roles mean 34 jobs ?
Why couldn’t che do any of this
It is worth noting that Publicis have actually been quite good throughout this whole thing. The communication has been regular and detailed, and all decisions have been made with a seemingly equal concern for people and profit.
A Publicis redundancy sounds better than the way we were treated by CHEP. They turfed people as soon as COVID hit and provided no resources, support or communication beyond the legal redundancy payment. Publicis at least attempted to not throw you out into a nightmare job market. Sorry all the same and best of luck to those affected.
Every agency is doing what it can to save jobs. Pay reductions, employee care, annual leave reduction programs have been in place across every agency since the start of covid. The number of jobs losses has little to do with these measures but by the roster of clients in an agency, and how deeply they cut spend. Well done to Publicis for holding off as long as they can. There’s been lots of job losses so far across the board, and more to come.
You cant possibly be in a position to make this sweeping statement. It seems, for example, the CHE did a horrible job; group call sacking everyone at once.
I think you’ll find che did, and is doing, all of these things
Can confirm they did not.
Will be interesting to see which multinational agency model performs better in the new post COVID world. Omnicom and IPG let their agency brands lead and have not built large centralised functions. Whereas Publicis and WPP have gone the other way touting their “power of one” approaches and built up large centralised functions.
I think we already know the answer to that. Omnicom have let thier brands be and they are easily the strongest. Check DDB vs Publicis. Or match up Mediacom Vs OMD. As branding businesses WPP and Publicis have not done a great job of managing their own. Even they would admit that.
Well Marty, whoever you are? Why do ‘we’ know the answer to that when ‘we’ don’t know who you are? As a result how are ‘we’ supposed to value your observation, or worse what appears to be an opinion…we all know in the business about what we all say about opinions…they are like the end of the rectum… everybody has one.
So Publicis is probably 20 different businesses in Australia and New Zealand and they make 34 redundancies in July across all of these, roughly less than 2 people per business. Some others make 35 in March from a single agency….