Audacy has laid off 2% of its employees, a company spokesperson confirmed. The radio company filed for Chapter 11 bankruptcy restructuring in January.
has reduced its workforce by 2%, according to a company spokesperson. Affected employees included a Boston sports reporter who was laid off the day before today’s NFL Draft, a Chicago afternoon news anchor and roughly 98 other employees, according to reports. can they go through before there’s nobody left?'” says an employee, requesting anonymity to avoid any severance-package conflicts, who was informed by a manager that their position had been “eliminated” on a Zoom call Wednesday .
Still, the Audacy spokesperson says: “We are on track to emerge as a stronger and healthier company, well positioned for a bright future as a differentiated, scaled industry leader with the industry’s strongest balance sheet.” The company, which owns 220 radio stations in 47 markets, is trying to steer out of bankruptcy and reduce its $1.9 billion in debt by 80%, to $350 million, pending FCC approval.
“It’s just unfortunate, the way everything shook out, with the company going up for bankruptcy and so many different turnovers,” says the laid-off employee. “It lowered morale a lot. Luckily, the people I worked for were great and supported each other through the ups and downs.”Kellie Pickler Returns to the Stage for First Time Since Husband’s Death: ‘I Know He Is Here’Privacy Policy
. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada Goose Lays Off 17 Percent of Its Corporate WorkforceCanada Goose has reduced its corporate workforce by 17 percent, but the company declined to specify how many people were impacted.
Read more »
Stability AI lays off roughly 10 percent of its workforceStability AI’s interim CEOs announced the layoffs just weeks after founder and CEO Emad Mostaque left the company. About 20 employees were affected.
Read more »
Nolte: Flailing Woke Marvel Lays Off Staff, Says It Will Reduce OutputSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Google lays off employees, shifts some roles abroad amid cost cutsAlphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.
Read more »
Reports: Tesla to lay off 10% of its global workforce amid declining sales, huge recallsAccording to multiple reports, Tesla will lay off more than 10% of its global workforce due to falling sales.
Read more »
Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets reportAfter reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees.
Read more »