iHeartMedia Initiated a Round of Layoffs

 

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Recently, iHeartMedia announced a new organizational structure that created a series of Market Groups. Those groups included the Regional Division, the Metro Division, the Community Division, and a Multi-Media Partnerships Division. Not long after that announcement, a series of layoffs occurred.

Rolling Stone has details about the layoffs, which it reported were “concentrated in small and medium markets, where staffs had already been reduced, striking another major blow to local radio.” Rolling Stone also wrote:

iHeartMedia, which controls more than 800 radio stations and paid its CEO more than $14 million in 2017, declined to comment on the specific number of layoffs. In a statement that echoed its email to employees, the company noted that “during a transition like this, it’s reasonable to expect that there will be some shifts in jobs – some by location and some by function – but the number is relatively small given our overall employee base of 12,500.” “That said,” the statement continued, “we recognize that the loss of any job is significant; we take that responsibility seriously and have been thoughtful in the process.”

If you want to get a look at how widespread the layoffs are, type “iHeartMedia layoffs” into the search engine of your choice. There are dozens of articles from local news sites reporting the names and (former) positions of people who have worked in radio for a very long time – and who are now unemployed.

 

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