Over twenty two million Americans lost their jobs in a little less than a month due to COVID 19. It took the Great Depression more than four years to achieve an equivalent level of unemployment.
Creative tech platforms like Tongal, Communo, and Mofilm and networks like We Are Rosie that help freelancers get commercial work are booming as brands look to fill their need for new campaigns.
Facing uncertainty can be unnerving, but being kind to others can boost our mental well-being and resilience.
Welcome to the fourth report in my Forbes series: the freelance revolution during the pandemic. The big news: we’ve begun to see light at the end of the COVID 19 tunnel. China reported no new cases, a first! Cases in New York City, where I live, are slowly receding. Nations around the world are providing critical financial support to companies, employees and freelancers; this morning there were reports that the US Congress is supporting additional financial stimulus. The news optimistically reported progress in other countries as well: Austria and the Czech Republic will begin to allow some stores to reopen, and Denmark may soon reopen schools.
Being a freelancer right now in the marketing and advertising industry is unpredictable.While some work continues to come in, other projects are sputtering to a halt. But as more marketing professionals get laid off or furloughed, demand for freelance work is on the rise.“We get really good news and then really bummer news every day,” said Stephanie Nadi Olson, CEO and founder of We Are Rosie, a network of 4,000 independent freelancers working across media, creative, mar tech, ad tech, events, innovation and strategy.
Welcome to the freelance revolution in the era of COVID 19. This is the third report, and invites freelance business and thought leaders to comment on topics of importance as the global economy works through the pandemic. One of hottest topics among freelancers this week is the future of remote work. That’s my question this week to freelance leaders: How do you see the medium and longer term impact on your business of the current ‘shift to remote’ of your clients because of COVID 19?
Read this with empathy sidelined. Because, obviously, the shocking impact COVID-19 is having on the health and mental well-being of so many is first and foremost — not advertising’s ecosystem. That goes without saying. But I said it anyway.With that disclaimer, let’s get into it: This global pandemic is exactly what our industry needed.It’s drawn a line in the sand between those who are truly real (authentic, as the industry prefers) and built for positive transformation, and those who are not. There is no halfway house. Not any more. And that’s a good thing.
COVID-19 has now infected more than 428,000 people around the world and 55,000 in the United States. As the virus forges on, companies continue to take hits, with many already going through rounds of layoffs, reducing pay and freezing hires. No one knows exactly when life will go back to normal – or the “new normal” – but everyone, adland included, will come out on the other side of this, some more unscathed than others. Campaign US asked consultants and industry insiders to share which agencies are best suited to weather these current storms.
Many self-employed creative professionals—from freelance copywriters and creative directors, to entire video production houses—are finding that their client rosters are going away quickly.Budgets are being preemptively slashed. Entire businesses are closing shop, laying off not only employees but also cutting ties with contractors. Thousands of Americans have found themselves suddenly out of work over the past week, as cities across the nation shut down to quarantine residents amid rising pandemic levels. And according to treasury secretary Steven Mnuchin, the number of unemployed Americans is projected to grow to 20% of the country’s population. That’s 32 million people.
Forbes: 21 Gig Economy Leaders Share How The Coronavirus Pandemic Is Impacting The Freelance Workforce
Once again, I’ve solicited the comments of leaders of the freelance revolution around the globe, and received their current reports from many. I asked each to give readers their best intelligence on the short and longer term intentions of clients—whether startup, small business, or large corporate—to utilize freelancers and independent management consultants in the “coronavirus economy.” Here’s an overview of the big messages: