77% of laid off workers think they will get their jobs back post-coronavirus.
That optimism does not apply to the radio industry where COVID-19 has been used as an excuse to “right-size” companies even as iHeart morphed from “dislocations” to furloughs.
Furloughs are temporary by definition but under a plan being developed by the “Evil Empire”, these interruptions in getting a paycheck will not see 77% of the workforce returning any time soon.
The question is just how many furloughed iHeart employees will be called back – they can’t let them all go, can they?
Employees look at COVID as a crisis, but iHeart and other radio groups see it as an opportunity and they have carefully thought out plans to proceed.
Recent Posts
- The Company Cleaning iHeart’s Clock
- The End of Consolidation
- The Return of Payola
- iHeart Scraping Competitors’ Business
- The Hurry-Up Cumulus Bankruptcy Plan
- Urban One’s Managed Decline
- An Urgent Behind-the-Scenes Cumulus Pivot
- GM Secretly Taking Back In-car Entertainment
- The Podcast Reckoning
- Beasley’s Nepo Problem