According to numerous news reports, iHeartMedia recently announced countrywide layoffs as part of the company's new organizational structure. Although the company has not released the total number of workers who lost their jobs, it is reported that hundreds of workers were terminated and that the layoffs were concentrated in small and medium media markets. It is difficult enough to understand the decision to continue the hollowing out of local media outlets by laying off disc jockeys in smaller communities. But it is particularly difficult to make sense of this decision given that it came after a significant increase in the company's executive compensation over the last few years.
1) How many workers were affected by iHeartMedia's recent layoff announcement? Of those workers, how many are in Ohio?
2) The company is reportedly giving severance to the affected workers. Please provide details about the severance provided, including whether it includes severance pay and if so how much and whether it includes health care benefits, and if so for how long.
3) Is the company giving affected workers priority consideration in the hiring process for any currently open positions in the company? Is the company going to give affected workers priority consideration in the hiring process for any positions that become open in the future? If so, for how long will affected workers be given hiring preference?
4) Is the company offering or paying for any training affected workers might seek to help them find new employment? If so, please provide details about the training offered or paid for, including the type of training, the length of time a worker can pursue such training, and, in the case of training paid for by iHeartMedia, the amount the company will pay for the worker to obtain such training.
