Ad agencies experiencing layoffs locally and nationally

Two articles to read carefully, both dealing with the economic crisis and its increasing impact on advertising agencies. One’s from the Idaho Business Review, and the other is from the New York Times. The articles hum a similar tune from a national and local perspective – not one of panic, but of calculated and often difficult business moves as a response to the tumultuous economy. And both articles include somewhat ominous references to the especially poor fall quarter for retail, foreshadowing an increasingly slow winter and Christmas season. Idaho Business Review article is here and the New York Times’ is here.

To quote our quotemaster Jamie, “…just in case, buckle your seat belts as there could be some minor turbulence ahead (which is when I always like to order a drink). “