As I write this, iHeart is in the midst of a 6-week reduction in workforce that has impacted hundreds of employees.
2020 was a record year for iHeart because they started the year with over 1,000 firings even before the coronavirus hit. Then, they didn’t miss an opportunity to cut further using COVID as their cover.
So far this year there have arguably been 4 significant RIFs that included furloughs which were also used as cover for eventual firings a few weeks ago.
Every radio group is trimming its sails and you’d have to be on Mars not to know that the worst fears about a COVID economy are coming true.
People want to know have we seen the end of the current iHeart RIFs and which positions are most likely to be targeted in the next six months.
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