WEEI staffers can not be sleeping well
radioinsight.com
Multiple sources have confirmed to RadioInsight that a round of layoffs are imminent across Audacy’s local markets with the planned personnel cuts taking place as soon as Tuesday.
Audacy CEO David Field and CFO Rich Schmaeling indicated “cost reductions” were coming on their Q2 Earnings Call earlier this month with Field stating, “We are working to enact substantial sustainable savings through a number of measures to improve margins and profitability across the business. We believe we will be able to deliver meaningful cost reductions without hindering our strategic priorities and growth plans.” Schmaeling added, “We are working on a program to meaningfully reduce our expenses and we will provide further details about the scope and extent of those actions on our third quarter call.”
Additional Names From Last Week’s Audacy Layoffs - RadioInsight
Update 8/23: More names have come out as being affected by Audacy's 5% staff reductions last week. The new names to come out from last week's cuts include: Dallas Jim Zippo departs overnights at Classic Hits 98.7 KLUV after fifteen years with the station. Zippo has also hosted mornings at KQOL...
radioinsight.com
Multiple sources have confirmed to RadioInsight that a round of layoffs are imminent across Audacy’s local markets with the planned personnel cuts taking place as soon as Tuesday.
Audacy CEO David Field and CFO Rich Schmaeling indicated “cost reductions” were coming on their Q2 Earnings Call earlier this month with Field stating, “We are working to enact substantial sustainable savings through a number of measures to improve margins and profitability across the business. We believe we will be able to deliver meaningful cost reductions without hindering our strategic priorities and growth plans.” Schmaeling added, “We are working on a program to meaningfully reduce our expenses and we will provide further details about the scope and extent of those actions on our third quarter call.”
