T3 Hiring and Reverses Some Pay Cuts

“T-3 partially restored salary cuts yesterday for everyone except upper managment. 50% of what they cut in the Spring. Lee gaddis told people no real new business wins but good growth in client workload was the reason. They’re hiring too. One vp said they had definitly passed the worst of it.”

Source = Anonymous Tipster via tip form

9 comments

  1. They may have passed the worst of it, but they'll never get the best of it – because they laid off the smart people and still have tons of people who have no clue what good advertising is all about – starting with Gay, Lee and Jay.

    Until they realize that being a good agency doesn't mean regurgitating Forrester research, using 10,000 internal productivity tools, and doing crappy creative because that's what the client wants, they'll never rise above a D+ agency.

    But hey, clients, if you want to pay a ton, get bad creative that's full of errors and screw ups, and listen to Jay babble nonsensical jargon at you all day, give 'em a call!

  2. I say props to T3 for actually going back and restoring people's pay. Most companies would take the opportunity to fatten the bottom line and make the temporary cuts permanent.

  3. Good news! By the way, we're also seeing growth from existing business and we're getting dog piled with blue bird deals. We're hiring and hearing lots of good things from clients in terms of business forecast. Clients are ramping up demand gen and brand awareness efforts leading up to 2010.

  4. "Really? I mean…really? Let go of the hate, won't get you anywhere."

    You know what else won't get you anywhere?

    Working at T3.

  5. That's great to hear there is some hope for advertising. The traditional policy for operating a good business is to maintain employees regardless of economic duress. This would have been to cut back salaries from the beginning or possibly innovate new projects for misplaced workers where a potential market pain for a client is identified. Any company regardless of industry that creates high turnover of well-educated and talented individuals is likely to face challenges. The result of turning over too many employees in a short amount of time and doing so repeatedly creates the most powerful transfer of information in the marketing world: reputation of fraudulent employment contracts via word of mouth. I never worked there but have heard this from so many people in Austin. It's very sad to see business ethics violated to that extent for any employee regardless of industry. My hopes are with all those who have experienced a loss or misplacement like those described by this company.

  6. Last anonymous: what a sweet and utterly naive post. I want to give you a cookie and make sure your shoes are tied before you go off to fifth grade.

    This recession, a record-breaking Category 5, forced companies into dilemmas in which there were no "good" options. These weren't ethics decisions or moral decisions, they were fundamental decisions of basic survival.

    Following your silly "traditional policy" logic, you keep everyone on board as revenue plummets, your losses multiply, and creditors begin calling in your loans. Eventually your company implodes, taking everyone out. Tracing this trajectory in the name of being "ethical(?)" is the highest level of fraud, as you knowingly spread the hurt farther than you would have if you took preventive measures. 200 people out of work vs. 20.

    Those measures — in an economy like early 2009 which saw almost no new business opportunity (positive revenue) — include layoffs, pay cuts, trimmed expenses, etc. Especially in our service-based industry, the biggest expense is people who make the ads and sell the ads. Cuts definitely hurt morale and instill fear, but in the face of insolvency, these are sometimes necessary evils you hopefully try to correct as soon as fiscally realistic.

    This is how capitalism works, son. It often ain't pretty, but it paid for this site you're reading, produced the computer you type on, and keeps Hostess treats on the shelves when you go to the grocery store. Have a Ding Dong, dolt.

    We all lost talented, good friends and colleagues in this devastating period, some of whom have still not recovered. Some businesses did better than others, and some made stupid decisions, but it's bizarrely naive to tag them as "unethical."

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