Mindshare Loses HSBC, Layoffs Possible Plus More Bad News

At a recent town hall meeting, Mindshare CEO Scott Neslund gave the grim news to the media company’s staffers.

There won’t be any raises or promotions until 2010 &#151 though the company had suspended each of those perks as of last summer. Our source tells us Neslund alluded to the possibility of more layoffs, but didn’t say when.

We’re told this news came on the heels of HSBC’s departure from the media company &#151 though we can’t say whether to events are mutually exclusive.

More: “MindShare Paid For A Bunch Of BS”