McClain Finlon facing layoffs due to Qwest account loss
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December 22, 2007, 1:08 am
Filed under: Layoffs, McClain Finlon | Tags: Draftfcb, Jeff Smith, McClain Finlon, Qwest, Rocky Mountain News
Filed under: Layoffs, McClain Finlon | Tags: Draftfcb, Jeff Smith, McClain Finlon, Qwest, Rocky Mountain News
Jeff Smith at the Rocky Mountain News reports that Denver ad firm McClain Finlon is expected to layoff an undetermined number of staffers in February due to the loss of Qwest Communications’ consumer account. Chicago-based Draftfcb announced several weeks ago that it had won the Qwest account, which is reported to be worth $95 million annually. AdWeek estimates that Qwest represented 30 percent of McClain Finlon’s total business, so dozens of staffers could be affected.
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The grim reaper arrived on December 21 just as everyone was heading out for Christmas. The toll is 120 lay-offs out of a staff of 170.
The irony of it all was that the day before management gave out office Christmas gifts to all employees.
Merry Christmas!
Comment by The insider December 28, 2007 @ 8:37 pm[...] Finlon founder Cathey Finlon is selling her firm, which was devastated earlier this year when it lost the Qwest account to Chicago-based draftfcb. The firm’s president, Paul Leroue, will acquire a majority stake [...]
Pingback by Denver Advertising Firm McClain Finlon Sold « Denver PR Blog June 16, 2008 @ 12:17 pm[...] Category Cloud Awards Bill Husted Boulder Coors Democratic National Convention Denver Denver Business Journal Denver Post Events GBSM GroundFloor Media Jobs journalism Journalism Moves KCNC KUSA Layoffs Linhart Newspapers Obit Penny Parker PR Moves PRSA PRWeek Public Relations Rocky Mountain News Schenkein Uncategorized Westword Wins Is McClain Finlon Advertising Shutting Down? August 20, 2008, 2:16 pm Filed under: Layoffs, McClain Finlon That’s the rumor. Apparently the loss of the Qwest account was too much. [...]
Pingback by Is McClain Finlon Advertising Shutting Down? « Denver PR Blog August 21, 2008 @ 6:51 am