Music Industry News

iHeartMedia Staffers Hit with Massive Layoffs Across Multiple Markets

iHeartMedia Staffers Hit with Massive Layoffs Across Multiple Markets

iHeartMedia has reportedly laid off dozens of people across its network of radio stations, including DJs and program directors.

So far, the company, which is the largest broadcaster in the world, has not specified exactly how many employees were laid off. A spokesperson for the company would only say that “the number is relatively small given our overall employee base of 12,500.”

What’s more, no one outside the company has been able as of yet to independently instantiate the number of layoffs. But Billboard has received many reports of layoffs from across the United States.

Here are a sample of these:

“It’s been a bloodbath across the whole country. My [superiors] came into my office and closed the door and said, ‘Hey,’ and gave me the talk of, ‘This is your last day.’”

“It was a shock. I definitely didn’t see it coming. I’m sure a lot of people didn’t. You can never really sit too comfortable, can you?”

“My meeting with the GM this morning lasted maybe 45 seconds or so. He read a statement from a piece of paper (that I barely remember) and I was shown the door.”

The spokesperson for iHeartMedia also issued a statement to explain the layoffs.

It said, “We are modernizing our company to take advantage of the significant investments we have made in new technology and aligning our operating structure to match the technology-powered businesses we are now in. This is another step in the company’s successful transformation as a multiple platform 21st century media company.”

iHeartMedia operates over 850 traditional radio stations. In recent years, though, it has struggled, which led to it declaring bankruptcy. At the same time, it has been trying to adapt to today’s digital music world by introducing a streaming service that currently has 128 million users.

Unfortunately, this service generates much less revenue than their terrestrial radio stations.

The company made news last month when it selected Nashville as the second headquarters of its iHeartRadio digital team.

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