We hear that moments ago at Mindshare, some employees were told there will be layoffs. The agency supposedly hasn’t been hiring since June, and according to an inside source, many staff members have been promoted to fill internal positions that would normally be staffed by new hires.
As a result of this, many departments are already very understaffed, and though the agency seems to have held off as long as possible, the inevitable may be finally happening.
AgencySpy contacted Mindshare for details on the situation, but an agency representative declined to comment.
We’re not being told how many will be let go, but an e-mail is to come shortly on the matter. However, the WPP company has been suffering from the same hiring freeze that’s created a stall for its brethren.
Refer to this post on Martin Sorrell’s memo on the issue. See the actual memo, here.
More: “Exclusive: WPP’s Hiring Freeze Inconsistent With Practice?”