
Advertising
Age published timely—albeit useless—content featuring advice for people
experiencing layoffs.
The
uselessness derives from the source of the counsel: industry recruiters.
Upon
submitting the drivel, the headhunters undoubtedly ghosted the Ad Age reporter.
But
seriously, recruiting for White advertising agencies is a role that could easily
be replaced by AI—and is increasingly shifted in-house alongside HR duties.
Independent
recruiters are amazingly unfamiliar with the industry—and typically ignorant
about the true specifications for roles. Contrary to self-promotional hype,
these commission-seeking bottom feeders indiscriminately throw candidates at
agencies.
On second
thought, “indiscriminately” might be the wrong word; in their heyday, industry recruiters
were prime culprits and collaborators in stymieing DEIBA+ progress via discriminatory
practices.
What you
need to know if you’ve just been laid off
By Lindsay
Rittenhouse
Omnicom’s
massive restructuring following its acquisition of Interpublic Group of Cos.,
including the dismantling of three storied creative agency brands, leaves
thousands of people without jobs.
Chairman and
CEO John Wren told Ad Age that Omnicom expects to have 105,000 employees
worldwide post-merger. That’s a decline of about 23,200 employees from 128,200,
the combined headcount of Omnicom and IPG at the end of 2024.
The layoffs
have shaken the industry, with many ad professionals reacting to the
restructuring online and commenting on the toll the cuts will take. These job
losses add to many that have already been happening across the industry for the
past few years, and come as fears mount about AI’s ability to replace even more
jobs.
“We are in the
midst of a perfect storm where there is a triumvirate of economic instability,
significant agency consolidation and the rise of AI,” said Jay Haines, founding
partner of Grace Blue, which is part of Sinecure, a collection of talent firms
specializing in scalable recruiting solutions and executive search. “Each of
those would individually be enough to cause significant disruption, but
together they have had the huge impact we are seeing today.”
Serena Wolf,
founder of recruiting firm Wolf Creative Co., said she hasn’t witnessed this
many layoffs since the first year of COVID, referring to the period of
pandemic-related lockdowns between March and December of 2020.
Tony Stanol,
president of Global Recruiters of Sarasota, said the amount of layoffs
resulting from one merger is dramatic but not entirely surprising.
“It’s not
shocking given the industry’s over-hiring during pandemic-era growth,” he said.
“I’m seeing many more talented people coming at me for help than during the
COVID layoffs and furloughs.”
It’s a scary
time for many industry professionals who are affected. They’re going to have to
figure out how to communicate that they have been laid off, decide how to best
protect themselves and their interests as companies make sweeping cuts, and
learn how to go about landing their next job in a tough hiring market.
Below is advice
from industry recruiters on those considerations and more.
After being
laid off, first, take a breath
“I know it’s
scary, but good people land,” Stanol said. “Your skills, relationships and
track record didn’t disappear overnight. Take a breath, regroup and remember:
This moment doesn’t define your career, what you do next does.”
Recruiters who
spoke with Ad Age said if you’ve been laid off, you may feel the need to jump
into job hunting, especially amid the current rocky hiring landscape but that
it’s important to take a minute to pause and really consider the next best move
for your career.
Just don’t take
too long, they added.
“Take 48 hours
to decompress, assess your financial runway and get clear on the type of role
and environment you want next,” Stanol said. “Once your head is level, tighten
your narrative. Hiring leaders want clarity.”
Lawyer up
and negotiate
Anyone impacted
by a layoff should ask for a severance package, and lawyers can help.
“Regardless of
your level, it is always worth speaking with a labor lawyer to review the
proposed severance [and/or] separation agreement,” said Sasha Martens,
president of industry recruiting firm Sasha the Mensch. “The best time to
negotiate is early, so take the time to think through what you would want to
ask for. It is important to be realistic as well, since each organization is
different and the reality is that advertising agencies’ severance packages are
not as generous as those of other Fortune 500 brands.”
Stanol noted
that you only need to hire an employment attorney for an hour to have it be
worthwhile.
A good
severance package should be realistic and typically start at one to two weeks
of pay for every year you’ve worked, according to some recruiters. Haines said
your severance negotiations “should be based on facts and data,” meaning the
years you served the company and the contributions you made.
You can also
ask your former employer for confirmation or a letter stating that your layoff
“was not performance-related,” Martens added.
Wolf said you
can ask your next employer, when signing an offer letter, for severance of
three to 12 months, as well, should you be laid off again (depending on your
level).
How to
announce you’ve been laid off
There is going
to be a flood of announcements on LinkedIn from professionals who have been
laid off, all hitting at once, due to the scale of the deal-related cuts.
Wolf advised
professionals to pause and post their announcements in mid-January when hiring
should ramp up, noting that hiring slows down at the end of December. Holding
companies usually carry out most staff cuts in the fourth quarter, when they’re
scrambling to meet margins.
Martens added
that you may not want to rush to publicly announce that you are unemployed, and
you might not have to if you do get severance.
“If you are on
severance with your current employer, then you are being paid by them, and
there are obligations for both parties, meaning you don’t need to change your
status immediately,” he said. “Fair or unfair, your value as an employed person
is always higher than that of someone out looking for work.”
When you do
make a public announcement, Stanol said that you should “skip the vague ‘open
to work’ halo above your LinkedIn portrait.” Instead, “be specific” about what
you do, where you add value and what you’re after, he said.
Haines said
that it’s important to set the right tone.
“The tone
should be realistic about recognizing what has happened, with a recognition
that it’s part of the broader instability of the industry, as opposed to
anything that relates to you as an individual,” Haines said. “Alongside that
should be a message of gratitude and humility about all that you have achieved
to date, and your excitement to bring all the skills you have developed and
experience you have gained to your next role. It’s also helpful to have a call
to action around your desire to connect with your community at large.”
Connect with
your network
Reaching out to
your network will be crucial as well. But determining who to approach first
takes some consideration.
Stanol said
there’s a formula for that.
“Start with
warm allies: Former bosses, peers, clients and recruiters who already trust
your work,” he said. “They’re approachable, credible and they’ll go to bat for
you. Then move to second-degree contacts at the companies and categories still
hiring.”
Martens agreed,
saying it’s first worth reaching out to “long-time industry contacts, people
you have relationships with. Reach out to people that you may know who could
use your work and talent in a full-time capacity, or could bring you in on a
project.”
How to
search for your next job
Some recruiters
said it may take six months to a year to find a job in the current market. But
Wolf said she’s seen some executives land on their feet “within a few short
weeks/months.” She advises people to be open to freelance opportunities, not
just full-time positions.
It all comes
down to identifying what your next career move could be, including whether you
want to go the route of entrepreneurship and start your own agency, as many
former holding company executives have done, or maybe even switch industries,
the recruiters said.
“Treat looking
for a job like a job,” Haines said. “Action is the enemy of anxiety.”
Haines said
Grace Blue advises the executives it works with to follow what it calls the
“five box strategy” when it comes to searching for their next job.
The strategy
involves identifying “five potential routes forward,” Haines said. “Think
widely. Those five boxes might look like: Technology, entertainment, the Boston
and Texas markets and PE-backed ventures. Having established that, you should
then go through each potential box, one by one, working out who you might know
in that space.”
Haines said you
should tackle “one box each week and identify the first 10 people on your list
in that space. Let’s say the first box is technology. You should then craft a
note to each of those 10 people explaining that, having gained valuable
experience through the course of your career, you are now thinking about what
might come next and that the technology space is of particular interest.”
While you’re
searching, Haines suggests mastering new skills and partaking in online
education courses on AI, machine learning or LLMs—all of which will be critical
to landing a more future-proof job in the industry.
Don’t take
it personally
One point many
recruiters drove home was that if you have been laid off, do not take it
personally.
“It’s important
to remind yourself that it’s not personal,” Wolf said. “You are not alone.”
Stay positive
and use the time between jobs for a reset, Haines said. “It is an opportunity
to define the rest of your career. It is an invaluable moment to take in all
the information available and embark on a program of education that your
previous role would never have allowed for. This is the moment to get yourself
set for the next 10 years.”
And, despite
some areas of the industry looking bleak right now, Martens said there is still
a lot to be hopeful for in advertising’s future.
“What you are seeing is a new ecosystem of
growing, nimble agencies and networks,” he said. “There are so many new
networks and players entering the industry that weren’t there before. This is
not just many new independents, but new networks and investors. The divide
between the agency and the client side has long been broken, which offers more
opportunities.”