Before there was coronavirus in the U.S., iHeart fired over 1,000 employees and set the stage for more by building so-called “excellence centers”.
Then the virus came and iHeart – not one to waste a good virus – lopped off hundreds of more jobs under the misnomer of “furloughs” – temporary layoffs by definition but firing in iHeart lingo.
Almost all other radio groups are following iHeart’s walk off the local radio plank as they, too, got caught with their debt too high to pay.
iHeart is expected to lead the way toward more layoffs having done two in three months, but they are not going to stop there.
Now they have a plan to stretch their “dislocations” even further – an insidious plan with harmful effects that they are going to try to sneak under the radar.
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