As it turns out, iHeart’s no-paycations announced Tuesday are not what the company said they were.
Their bait and switch mentality is at work even in this layoff.
You might be surprised to learn that even sending Bob Pittman home penniless will not solve iHeart’s dire financial problems exacerbated by the coronavirus’ effect on the economy.
Employees have been misled on their forced unpaid vacations.
This begs the question is there any amount of savings that can save iHeart from itself?
The numbers iHeart is pouring over has the answer.
We did the math.
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