Like it or not iHeart and its previous company Clear Channel have eliminated an estimated 20,000 employees since consolidation began in 1996.
They are the leader in firings, layoffs and furloughs but their competitors quietly mimic their tactics and let iHeart take the heat.
More RIFs are coming and they will be substantial after all we’re halfway through 2020 and a record number of employees have been fired but not rehired due to COVID and the uncertain economy.
What’s next?
Givebacks.
And not to be underestimated, your industry leader in employment disruption has a plan that will be almost as painful for those workers who survive RIFs as for those whose positions are to be eliminated.
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