Has the recession hit your work yet?
For the past month or so the market ha been quiet on many fronts, clients are reducing spend and news from the freelance world is that contracts are either drying up to none existent.
For me I've been very busy at work with a few clients but I have noticed a few account handlers at the agency scrambling to find recession proof clients to bring in (is there such a thing?).
But news from the WPP god father Martin Sorrell predicts that our industry wont feel the worst of it till Jan 09. I'm not sure how much worse it can get, with redundancies happening every where at the moment (LOWE, Publicis, Tequila to name a few) the outlook looks bleaker than ever.
So is there any good news?
Not really, usually in dark times such as these freelancers and smaller boutiques get loads of business as it's more bang for their buck for clients but so far this hasn't even come close to materialising.
My only advice to a lot of you that are worried about redundancies is to be heard and to be seen doing something pro-active otherwise as Ed morris once said "out of sight out of mind, out of mind no job.
I'd love to hear how the global financial market has effected you if at all, have you noticed any worried people about or are you concerned about another part of this chain?
Wednesday, 17 September 2008
Subscribe to:
Post Comments (Atom)
2 comments:
Hey,
Im worried that i will be affected when i graduate next year. My bf, a graphic designer is already finding it hard, and where agencies want to employ him, they simply cant because of money and he is having to accept placement pay, which is pretty poor.
I just hope things pick up soon and agencies and clients get their confidence back.
Seems to be affecting everyone though, even in my part time job, 4 people got made redundant last week.
eeeeps!!
It's been the busiest month at Dare. Ever. I suppose that's the benefit working at a digital agency. We are used to working with small budgets and now that the clients are looking to cut on ATL advertising, we are seing more come our way.
Like CPL said. Out of sight, out of Job.
It's like fashion. What comes around, goes around.
DM
Post a Comment