The Week: i-Q - Web chat about ... WPP's hiring freeze

Is this indicative of what smaller, independent creative firms must also do? It is imperative that the staff-revenue ratio is monitored carefully.

However, it is critical that there is continued investment in talent, as it is talent that will separate the winners and the losers in this harsh economic climate. - Paula Patritti

Hardly surprising given the economic climate and WPP's clients in the finance sector. - Holly Martins

Thank God I accepted my offer as soon as I was offered it, or I may not be starting my career on Monday! - Daniel Bryan Hopwood

I am an ad student and am seriously worried that I am going to be unemployed for a long, long time after I graduate. Not looking good. - Zivai Anesu

Grad schemes are relatively expensive to run, but since much of the work will have been put in place already, I wouldn't expect the larger agencies to cancel them, or scale them back significantly, until next year's intake. But Zivai may be right about the smaller agencies. - Dave Stoker

WPP is just doing what every sensible business is doing right now (and should always do), namely keeping a tight rein on costs. If I was a grad, I wouldn't be too disheartened - assuming you are intelligent, hard-working and persistent, you will find a job, but you may have to work harder at it. - Eddie May

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