CC Cuts Another 3% of Workforce

Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!

In a second wave of layoffs this year, Clear Channel Radio eliminated 590 positions Tuesday (April 28), or just under 3 percent of its December 2008 staffing level. The cutbacks follow a Jan. 20 purge of 9 percent of the company’s workforce. Combined the two rounds amount to approximately 2,500 employees or 11.7 percent of its staff, according to a Clear Channel spokesperson, and complete a months-long process based on an analysis of the company by Bain Consulting.

While the January cutbacks largely affected the top broadcaster’s sales force, the new cuts are focused on operations, including engineering, IT and local accounting and customer service operations.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in