Now 1,850 People Have To Restructure Their Lives
January 21, 2009 at 5:11 AM (PT)
Against the inspiring backdrop of AMERICA's Presidential Inauguration yesterday came a very difficult day in the radio business, as CLEAR CHANNEL COMMUNICATIONS restructured its business with a 9% reduction in workforce -- a staggering 1,850 job cuts.
CLEAR CHANNEL CEO MARK MAYS announced the layoffs in a memo to staff, writing "Today, we had the unpleasant task of bringing our Outdoor and Radio businesses’ staffing in line with these challenging economic conditions. In doing so, we enter 2009 as a solid company and in the most competitive position possible." He then opened up to an exclusive Q&A with ALL ACCESS (NET NEWS 1/20).
If you have been affected by the Clear Channel restructuring -- please -- send your information and we will get it listed here, and in our Industry Directory as well.
CLEAR CHANNEL RADIO Pres./CEO JOHN HOGAN, added his thoughts, saying "Today has been a difficult day companywide as we addressed the economic realities affecting our country and many other companies. While separating from colleagues is personally difficult, the changes we have made were carefully considered and are necessary and prudent business decisions."
While CLEAR CHANNEL has completed its restructuring, 1,850 former employees are just beginning to restructure their lives. ALL ACCESS is committed to helping, and will continue to post the names, phone numbers and e-mail addresses of those affected by these job cuts.
If you have been affected by the CLEAR CHANNEL restructuring -- please -- send your information including name, position, station/market, phone/e-mail contact info to NET NEWS Editors PAT GILLEN (firstname.lastname@example.org), JEFF SILBERMAN (email@example.com) or any ALL ACCESS format editor, and we will get it listed here, and in our Industry Directory as well.
The most up-to-date list of those who've lost their CLEAR CHANNEL jobs can be found here.