Deft Agency » Economic Meltdown

Ad Pulp: Web Devs Move to Portland

admin — Thu, 21 Oct 2010 13:18:42 +0000

Ad Pulp points out that the Portland Creative List has 37 job openings right now. There seems to be the most demand for web developers. Unsurprising to me as I can’t seem to find any good devs.

Agency Jobs Down 14% from 2007

admin — Wed, 30 Dec 2009 07:00:20 +0000

Ag Age is reporting that Bureau of Labor Statistics data shows a loss of 26,300 jobs from Decemeber 2007 to December 2009.

Almost as sobering, I noticed the first three comments look like link spam. Out of work agency people trying to make a buck perhaps?

Modernista Loses General Motors, Amsterdam Office Shuttered

admin — Sun, 13 Dec 2009 19:45:53 +0000

The 3-year-old Modernista office in Amsterdam will be closing, a move likely spurred by its loss of General Motors’ business doing creative for their Cadillac and Hummer brands.

American Badass Beer, by Kid Rock

admin — Sun, 02 Aug 2009 19:21:55 +0000

Is Kid Rock saving our economy? GM isn’t the only “badass” from Michigan getting bailed out.

BBDO Detroit Employees Get Two Weeks Vacation – Unpaid

admin — Mon, 15 Jun 2009 15:54:57 +0000

Presented with the lose-lose choice of mass layoffs or a 2 week furlough BBDO Detroit is going with the lesser evil. Hopefully the payroll reduction can keep the office afloat long enough to fix the real problem, lack of work.

Corona – Kite

admin — Sun, 14 Jun 2009 16:19:43 +0000

A perfectly rational reaction to the end of the world if you ask me.

Microsoft Says The Next Few Years Will Be Rough

admin — Fri, 12 Jun 2009 20:17:19 +0000

File under obvious but saddening: John Mangelaars, Vice President of Microsoft’s Consumer & Online International (COI) division for Europe, Middle East and Africa, said that his employer isn’t counting on an online ad growth for a few years. Mr. Mangelaars attributed part of the slow to increased efficiency,

“A lot of laziness has gone away. If marketers are reaching their goals with [their current budgets], why would they spend more?”

GM Closing 1,100 Dealerships and Untold Scores of Ad Agencies

admin — Mon, 18 May 2009 04:07:46 +0000

One of the more subtle consequences of GM’s plan to shutter 1,100 dealers is the huge amount of ad dollars that will be disappearing from the local markets they serve. Many small to midsize agencies specialize in and depend on work from car dealers. Admittedly, these commercials are universally obnoxious but the fallout in the media industry will be much worse.

Even Teens Cutting Back

admin — Wed, 29 Apr 2009 01:41:05 +0000

Marketers typically expect teens to keep spending in spite of economic turn-downs. Their parents often provide the essentials making all their spending discretionary. Ad Age breaks it down for you.

Yahoo Laying Off 5 Percent

admin — Wed, 22 Apr 2009 00:51:55 +0000

Yahoo announced that it will lay off 5% of its workforce as part of a drastic cost cutting effort. Yahoo’s 2009 Q1 net income declined 78% from last year. The latest round of layoff’s will be the company’s third round in about a year.