The Clear Channel layoffs are still on.
The Board has refused to rescind authorization of massive mid-term layoffs.
We’re now learning more about how these massive cuts – some 7% of the current workforce – will be made.
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- The model Clear Channel has used at its outdoor division that has enabled them to cut their workforce by one-third since Bain took over. Keep an eye on how it works.
- The role of local management in deciding who gets fired – with a surprising new twist.
- The over/under on two implementation plans – one big firing all at once like the Christmas 2012 layoffs or 624 departures done under the radar in a progressive period of time.
- The only thing that is keeping these massive layoffs from happening immediately as CEO Bob Pittman has demanded.
- What everyone is talking about! What’s the new target date? How much time is left to find a new job?
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