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iHeartMedia Converts Many COVID Furloughs Into Layoffs

Lance Ventaby Lance Venta
September 29, 2020

iHeartMedia iHeart iHeartCommunicationsiHeartMedia CEO Bob Pittman and CFO Rich Bressler released a memo today stating that a number of the team members who were furloughed in March will not be returning to the company.

Stating that the downturn “has been deeper and longer than originally expected,” and as a “result of changed habits and so much work still being done from home, we will not need all the jobs we once had.” The company did state that some furloughed employees have been brought back and others will be brought back, but an unnamed number will be let go.

The memo released to staffers follows:

Team,

We wanted to update you on some steps that we’re taking to position our company for the post-COVID future.

As you know, last March we took the difficult step of furloughing some employees, most of whom were in jobs that we did not believe would be essential until business operations reverted back to their former state. Clearly the downturn has been deeper and longer than originally expected, although advertising is beginning to recover and we are doing better than most in our areas. It is also apparent that, as a result of changed work habits and so much work still being done from home, we will not need all the jobs we once had; we will be working in new ways going forward and must align our organization with the future.

While we have brought back some of our furloughed colleagues, and will continue to bring back some others, we will unfortunately be eliminating a number of our furloughed jobs. These decisions were not made easily or quickly — and they are all painful. These are good people who really care about our company, and to lose any is hard.

We wanted to share this information with you so you would be fully informed about what is happening in our company, and to let you know that we appreciate your dedication to the company and its mission, and all the hard work you are doing to keep us on the path of recovery and growth – not just back to where we were, but beyond.

Bob and Rich

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Lance Venta

Lance Venta

Lance Venta is the founder and publisher of RadioInsight.com. Lance has been covering the radio industry since founding the first radio industry discussion forums in the mid 1990s. He also advises and builds content strategies and web platforms for stations and programs across America.

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iHeartMedia Converts Many COVID Furloughs Into Layoffs

Lance Ventaby Lance Venta
September 29, 2020

iHeartMedia iHeart iHeartCommunicationsiHeartMedia CEO Bob Pittman and CFO Rich Bressler released a memo today stating that a number of the team members who were furloughed in March will not be returning to the company.

Stating that the downturn “has been deeper and longer than originally expected,” and as a “result of changed habits and so much work still being done from home, we will not need all the jobs we once had.” The company did state that some furloughed employees have been brought back and others will be brought back, but an unnamed number will be let go.

The memo released to staffers follows:

Team,

We wanted to update you on some steps that we’re taking to position our company for the post-COVID future.

As you know, last March we took the difficult step of furloughing some employees, most of whom were in jobs that we did not believe would be essential until business operations reverted back to their former state. Clearly the downturn has been deeper and longer than originally expected, although advertising is beginning to recover and we are doing better than most in our areas. It is also apparent that, as a result of changed work habits and so much work still being done from home, we will not need all the jobs we once had; we will be working in new ways going forward and must align our organization with the future.

While we have brought back some of our furloughed colleagues, and will continue to bring back some others, we will unfortunately be eliminating a number of our furloughed jobs. These decisions were not made easily or quickly — and they are all painful. These are good people who really care about our company, and to lose any is hard.

We wanted to share this information with you so you would be fully informed about what is happening in our company, and to let you know that we appreciate your dedication to the company and its mission, and all the hard work you are doing to keep us on the path of recovery and growth – not just back to where we were, but beyond.

Bob and Rich

Share This:

  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
  • Share on Bluesky (Opens in new window) Bluesky
  • Share on Threads (Opens in new window) Threads
  • Share on Reddit (Opens in new window) Reddit
  • Print (Opens in new window) Print
  • Email a link to a friend (Opens in new window) Email
  • More
  • Share on Mastodon (Opens in new window) Mastodon
  • Share on Telegram (Opens in new window) Telegram
  • Share on WhatsApp (Opens in new window) WhatsApp
Lance Venta

Lance Venta

Lance Venta is the founder and publisher of RadioInsight.com. Lance has been covering the radio industry since founding the first radio industry discussion forums in the mid 1990s. He also advises and builds content strategies and web platforms for stations and programs across America.

Log In

Join Now | Lost Password?

Comments

Leave a Reply Cancel reply

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