Yesterday, we first reported on iHeartMedia’s mass layoff of employees nationwide. Now, the company has explained why those people were let go.
We certainly hear a lot about machines replacing humans in the workforce. And there are certainly some in-your-face examples, like self-checkout aisles at supermarkets. But most of the threats feel like they’re in the distant future.
Unless you’re a laid-off iHeartMedia or iHeartRadio employee.
Yesterday, we first reported that iHeartMedia and its iHeartRadio unit were laying off a massive amount of employees, with potentially hundreds impacted. Initially, we reported that dozens were losing their jobs, but that number quickly increased. A source to Rolling Stone has since pegged the number of laid-off employees closer to 850, while a source to Billboard simply called the mass-layoff a ‘bloodbath’.
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