The term “dislocation” used to replace the word “firing” is tone deaf but on Wall Street, they understand its true meaning.
Since it was introduced last month when iHeart “dislocated’ over 1,000 employees, the focus has been on iHeart’s sale to Liberty Media.
But there is a similar iHeart-attack waiting for their competitors that is designed to force them into economies of scale and make it more difficult for them to break even.
These plans are as ruthless as what they unleashed on their own employees, but this is a desperate company waiting to be taken over and ready to play a new kind of hardball with competitors.
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