AM I NEXT? NO LOVE AT HUGE

Brooklyn, New York-based Huge, a full-service digital advertising, marketing, and design company, has announced the layoff of 3% of its workforce to meet market challenges.

'Huge is laying off about 3% of the agency which has about 1,200 employees. Layoffs were distributed equitably across the agency, with the exception being the Brooks Running team which was disproportionately impacted. We looked at representation across our diversity and inclusion targets. We looked at the blend of senior vs. junior roles to ensure that the actions were as equitable as they could possibly be.

Huge's Global CEO Mat Baxter, noted, "We’re seeing clients either cancel, move or pause activities. We’ve had a significant revenue drop over the second half with clients doing exactly that.

It’s a really simple equation, right? We have more people than we need for the revenue that we’ve currently got. I mean, it’s as simple as that. We have an oversupply of people relative to the work that’s coming into the business. So for us, this was a recalibration of people versus forward revenue.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT CAMEO

Chicago, Illinois-based Cameo, a creator of customized video messages from celebrities, actors, musicians, and athletes, has announced a restructuring.

The restructuring effort impacted 25% of Cameo's workforce or approximately 87 employees, including chief technology officer Rob Post, chief product officer Nundu Janakiram, and senior vice president of marketing Emily Boschwitz.

According to a statement from Cameo CEO Steven Galanis,…

“To support both fan and talent demand during the pandemic lockdowns, Cameo’s headcount exploded from just over 100 to nearly 400. We hired a lot of people quickly, and market conditions have rapidly changed since then. Accordingly, we have right-sized the business to best reflect the new realities."

“The decision to reduce our headcount was a painful but necessary course correction to ensure that we regain focus as well as achieve the agility to navigate new challenges, the ability to optimize our financial resources, and time and space to nurture newer business segments like Cameo for Business, Represent and web3 that we believe will be as big as the core business that put us on the map. We are bullish on the intermediate and long-term future of Cameo, and the actions we have taken to balance our costs with our cash reserves will best position the company to take full advantage of those growth opportunities.”

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT PRATT DISPLAY

Conyers, Georgia-based Pratt Display, a division of Pratt Industries and a manufacturer of sustainably sourced corrugated cardboard point-of-purchase displays, has announced will close its Southeast Display distribution center in Whitsett, North Carolina.

The closure will impact 81 employees, mostly warehouse workers, with layoffs scheduled for January 15, 2022.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?