4 Local Clear Channel employees to be let go!

[jamesh]

Today's column titled "624 Clear Channel Layoffs Underway"

Cuts to be made in programming and operations managers-NOT SALES, names by tomorrow, all must be released from employment by end of June deadline. 4 per market.

If it happens the way Jerry says, with managers getting an email to submit 4 names to be let go, I think I'd include my name on the list and leave my keys on the desk.

Today he said Pittman "walked off" on that part (that the board would pick the names), but each market must give up 4 employees by name by Friday, programming is the target, people need to be laid off should be ones that can be eliminated quickly and without disruption...must be let go by June 30, names due tomorrow. So now local can pick names apparently, rough stuff to cut good people loose without cause-that's heartbreaking stuff

 

[DudeFan]

It's better to be terminated without cause than FOR cause. If you are terminated FOR CAUSE that means wrongdoing of some sort and may haunt you in a search for another job.

In most states, its permissible to be terminated for any reason or no reason at all except for race, ethnicity, age, or gender.

 

[Scooter Lesley]

DudeFan,...Gee, Thank you so much for...

A KEEN GRASP OF THE OBVIOUS!

I can do it too...Standby:

...What's "CAUSING" these people to loooooose their Jobs?

(wait for it).....................THE COMPANY IS BROKE!

No Cause, For Cause,...5 Cause, 6-Cause.......BROKE Cause!

 

[DudeFan]

Scooter:

You've been unemployed too long to realize that "cause" is a legal term of art in employment situations and the use of the term is -- not -- obvious. It is specific in nature and has specific implications.

Had I been practicing thirty years ago, I might have written the memo regarding your termination and advised to change the locks and escort you out of the building.

Clear Channel is -- not -- broke. They are continuing the manage cashflow and debt loads. They are a solvent, ongoing concern. They do have mid-term debt issues and debt-load ratios they must manage carefully.

 

[Ssummers]

S*H*I*T! Who else is left in operations & programming at CC/Columbia?

 

[Ssummers]

Aren't they going to have to hire a couple of people to come up with 4 to fire?

 

[SaltyDog]

Aren't they going to have to hire a couple of people to come up with 4 to fire?

I think that every time the radio layoffs announcement comes along. I'm never surprised that people get let go, it's that there are still people TO let go.

 

[TheBigA]

That's because in between every round of layoffs, they go back and hire people again.

 

[GordonSims]

BigA, where have you been?
That is simply not true! Especially when it concerns on-air staff.
Sure, sales reps come and go, but EVERYBODY'S air staff has been reduced - and NOT replaced!

 

[jamesh]

That's because in between every round of layoffs, they go back and hire people again.

Big A lives in an alternate reality...don't let the facts get in the way of your opinion Big A. The cuts are to save money-they replace no one.

 

[TheBigA]

BigA, where have you been?
That is simply not true! Especially when it concerns on-air staff.
Sure, sales reps come and go, but EVERYBODY'S air staff has been reduced - and NOT replaced!

If you check their job site, you'll see they currently list 181 programming jobs, including many on-air jobs:

https://clearchannel-openhire.silkroad.com/epostings/index.cfm?fuseaction=app.jobsearch

Morning show co-hosts, program directors, lots of local gigs right now. Maybe not in South Carolina, but they're hiring in other areas.

 

[jamesh]

BigA, where have you been?
That is simply not true! Especially when it concerns on-air staff.
Sure, sales reps come and go, but EVERYBODY'S air staff has been reduced - and NOT replaced!

If you check their job site, you'll see they currently list 181 programming jobs, including many on-air jobs:

https://clearchannel-openhire.silkroad.com/epostings/index.cfm?fuseaction=app.jobsearch

Morning show co-hosts, program directors, lots of local gigs right now.

That's not replacing those fired for financial distress-those are from moves, firings for wrongdoing etc. RIFF's are not met with want ads-those jobs are eliminated with the people. They MUST show the banks lower costs to refinance...

 

[scappy]

BigA, where have you been?
That is simply not true! Especially when it concerns on-air staff.
Sure, sales reps come and go, but EVERYBODY'S air staff has been reduced - and NOT replaced!

If you check their job site, you'll see they currently list 181 programming jobs, including many on-air jobs:

https://clearchannel-openhire.silkroad.com/epostings/index.cfm?fuseaction=app.jobsearch

Morning show co-hosts, program directors, lots of local gigs right now.

That's not replacing those fired for financial distress-those are from moves, firings for wrongdoing etc. RIFF's are not met with want ads-those jobs are eliminated with the people.

Not always. Two RIF'd employees were later rehired into their old positions here in my market.

 

[jamesh]

BigA, where have you been?
That is simply not true! Especially when it concerns on-air staff.
Sure, sales reps come and go, but EVERYBODY'S air staff has been reduced - and NOT replaced!

If you check their job site, you'll see they currently list 181 programming jobs, including many on-air jobs:

https://clearchannel-openhire.silkroad.com/epostings/index.cfm?fuseaction=app.jobsearch

Morning show co-hosts, program directors, lots of local gigs right now.

That's not replacing those fired for financial distress-those are from moves, firings for wrongdoing etc. RIFF's are not met with want ads-those jobs are eliminated with the people.

Not always. Two RIF'd employees were later rehired into their old positions here in my market.

That sounds odd but that's good-I hate this for the 624 about to get axed-wish them the best hope they land in a better situation.

 

[TheBigA]

That's not replacing those fired for financial distress-those are from moves, firings for wrongdoing etc.

How do YOU know? You don't even know if this RIFF story a blogger reported is even true.

The point is that they're constantly hiring people. Having said that, anyone getting hired there SHOULD know the context. It's not a job for life. If you want a job for life, become self employed.

 

[whopper]

The one thing I can add as FACT in this discussion...when they do rehire for a few positions, they do not pay at the same salary level as the previous employee. And they look in market first to try and save money on possible moving expenses and saving reimbursement costs on out-of-market interviewees.

 

[jamesh]

That's not replacing those fired for financial distress-those are from moves, firings for wrongdoing etc.

How do YOU know? You don't even know if this RIFF story a blogger reported is even true.

The point is that they're constantly hiring people. Having said that, anyone getting hired there SHOULD know the context. It's not a job for life. If you want a job for life, become self employed.

Because I know accounting. RIFFs are cost cutting measures.

The story looks to be quite true, leaked form CC upper management that hates the way this "company" is being run by private equity (guys with little cash and massive loans)

 

[TheBigA]

Because I know accounting. RIFFs are cost cutting measures.

If you know accounting, then you also know it could also be caused by increased benefit costs, caused by the new health insurance laws. Or increased utilities costs, increased local property taxes, and other local costs. Not at all related to their refinancing.

Right?

 

[jamesh]

Because I know accounting. RIFFs are cost cutting measures.

If you know accounting, then you also know it could also be caused by increased benefit costs, caused by the new health insurance laws. Or increased utilities costs, increased local property taxes, and other local costs. Not at all related to their refinancing.

Right?

Yes, It's property taxes. That's it genius. Oh wait, 20.7 billion in debt, lost 424 million in 2012. Good operators! And word is they are way under budget this year-lenders are very worried, I have friends in high places too...in accounting, not on air stuff, on air friends not so high places...

 

[TheBigA]

Yes, It's property taxes. That's it genius. Oh wait, 20.7 billion in debt, lost 424 million in 2012. Good operators! And word is they are way under budget this year-lenders are very worried, I have friends in high places too...in accounting, not on air stuff, on air friends not so high places...

They've had that debt for 5 years. They can fire their entire staff and it won't pay off the $20B. So the idea that they're laying off employees because of their debt is silly.

They JUST renegotiated their debt at a lower rate, and extended the credit five more years. That would not have happened if lenders were worried. The big change all businesses are dealing with now is the new health insurance law. No question it's increasing the cost of benefits. I'd suggest that's a bigger factor than their debt.