We are getting reports of layoffs at W+K mainly at their Portland agency — with mentions of about 35 people affected. Some people have pointed out a recent Visa account loss as well as some pitches that they didn’t win as potentially a contributing factor in the layoffs.
W+K laid off around 120 people last year in February.
We will update this post as we get more info.
Visa is putting together a large in-house agency. Their plan is to be like Intuit with little to no outside agencies. Currently, have job posting for Global CD for new in-house agency as well as MD for Global Creative Studio on LI.
Do you know how large? Because even with in-house agencies they still rely on ad agencies. Draftline, Yellow Shoes, Apple, Best Buy to name a few still use outside agencies.
Visa in-house will have hundreds of employees. Very large. Supposedly a lot of their current performance marketing and CRM is in house. The big hires they are searching is to lead the branding and campaign work that outside agencies have been doing. Any outside work will be project based. Not sure if they are looking to bring in experiential or event marketing because they do a lot of that.