| | | | | First Things First | | July 22, 2020 | By Jess Zafarris |
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| Wieden + Kennedy Lays Off 11% of Worldwide Workforce | |
| | Wieden + Kennedy, arguably the top agency in the U.S. right now, is not immune to the financial pressures caused by the pandemic. The global network, which has offices in the U.S., China, Brazil, India and more, is cutting 11% of its global workforce despite numerous measures to keep its talent employed as long as possible. In March, W+K began cutting non-essential costs, as well as deploying pay cuts to senior leadership and other top earners, but ultimately it needed to make cuts. As W+K described, "We negotiated this as long as we could, but W+K and COVID-19 have reached an impasse." Read W+K's full statement on its decision to lay off staff. Related: Here are the 2,085 agencies that received PPP loans of $150,000 more. Our team is working hard to continue bringing you the latest information to guide marketing professionals through the crisis. Support our coverage with an Adweek Pro Subscription. | | | |
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| Bud Light Welcomes Baseball Back With a Sweet Serenade | |
Even as the pandemic rages on, the impending return of sports is giving both consumers and brands cause for celebration. A new Bud Light spot shows fans, bored with bread-making, home workouts and other quarantine pastimes, serenading the return of—well, literally any kind of sports, but especially baseball with a variation on "Take Me Out to the Ball Game." Another new spot has a stadium beer vendor cheerfully touting the brands delivery options as he strolls through a neighborhood of sports fans. Watch both here. | |
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| Professor Scott Galloway Discusses the 'Low Point' America Is Living Through | |
Amazon, Apple, Facebook and Google are set to appear before a House committee in an antitrust probe next Monday. But will it change anything? "In terms of actually getting to the root cause or making any progress, it’ll be more spectacle than historic," said author, entrepreneur and NYU marketing professor Scott Galloway. He said that calling in all four is "reductionist" and a "mistake" and predicts that Facebook will face the greatest scrutiny while the other will come away without much in the way of consequences. However, he also predicted that the ongoing Facebook ad boycott won't have a lasting impact on the platform beyond a symbolic victory because the platform's advertiser base is "self-repairing." | | | |
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