Design firms in New York are seeing their sales plummet and their stock prices plummet.
Now the people behind them are facing an uphill battle to save their jobs and make ends meet.
It’s a battle that many of the designers have not seen in years, says Nada Alali, a design firm in Brooklyn, New York.
“People were doing all kinds of crazy stuff and it was all kind of getting in the way,” she says.
She says it’s getting to a point where she is “literally on the brink of tears.”
For many of them, the crisis is becoming an “epidemic” because they don’t have the financial resources to go to work or their designs are not getting the attention they deserve.
The crisis is “almost like a virus,” says Alali.
“It’s spreading, it’s eating through the fabric of the fabric, it is eating through everything, it has become a disease, and it is taking a very deep and debilitating toll.”
The crisis has left designers struggling to make ends met, and not only for themselves.
It has left a group of designers, who had been growing their careers, in financial distress.
Alali and her husband are two of them.
Their company, Design Studios, was founded in 2007 by the two designers, Tasha Diamant and Jessica Rippey.
“We were just trying to get by and just stay afloat,” says Rippy.
“And we have done a lot of things that we never expected to do.”
Rippie says they have lost nearly half their staff in the past year.
They are now trying to find new employees.
Alari, who says she has a “tough life” due to her disability, says the job market is not helping either.
“I am struggling, I am hurting,” she tells us.
“There is no jobs, there is no hope.
There is nothing I can do to make it better.”
The couple has also lost the ability to raise money from sponsors, which was one of the main reasons for founding Design Studios.
“All the sponsorships we have gotten, I think, we have been so generous with,” says Diaman.
“In fact, I would say a lot more than we ever have.”
Design Studios is not the only company to be hit hard by the crisis.
According to the US Census Bureau, more than 70% of designers in the United States were in the middle of a financial crisis in 2014.
Some say they are struggling to survive.
“As a business, it makes it hard to take a day off,” says Shara Neely, a designer and editor at New York Magazine.
“You’re constantly juggling multiple projects, all the other people are on their own, you don’t really have the time to go out with your friends or get a drink.”
Ruppy says the company was forced to make some drastic changes in 2014, such as moving offices out of the office and moving some of the design work to online platforms like Etsy and Gumtree.
“Our company is a little bit different,” she said.
“With Gumtree, it was like, ‘Let’s not get in a relationship.
Let’s not be in touch with each other.
Let it be something completely different, just so we can make it a better place.'”
She says she is now working with a new team of designers to make the design studio better, and she plans to start a new business.
“But it’s not like we’re getting rid of the debt, because the debt is still there,” says Neely.
“The debt is the thing that is holding us back.”
Alali says the crisis has affected everyone.
“Everyone’s suffering,” she adds.
“Every day is a challenge, every day is an adventure, every time you get a chance to get away from your life is a special time.
But when you’re doing that you are going to find some things that you’re really passionate about.”
The recession has hit designers hard.
For one thing, their design work has been a core component of many of their sales.
“When we do a project, it seems like we have a million things to work on, and we’re really just working on that one project,” says Sarah Ruppe, who is working on a new book about her own experiences as a designer.
“That was a really big part of the business.
And now, we’re just trying not to be distracted.”
For other designers, the recession has put them at a disadvantage.
Many designers have been out of work for a long time, and are trying to make up for lost time by looking for work.
For some, this has led to depression.
“Sometimes I just want to just get out of here,” says Tasha, a former design intern at an advertising agency in Boston.
“If you have any kind of a job, and you have to go work for free, I don