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iHeartMedia Plans Furloughs as Leadership Takes Pay Cuts

president 2020 crisis Coronavirus
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billboard.com:

To avoid layoffs during the coronavirus crisis, the world's biggest radio company, iHeartMedia, will furlough an unspecified number of employees for 90 days, Billboard has confirmed.

As well, chairman and CEO Bob Pittman will forgo his remaining 2020 salary and the senior management team will take 30–70% cuts in 2020 compensation. "Although we have had to make hard decisions to address the economic impact of the downturn, our management team has found ways to reduce our company's expenses without resorting to permanent layoffs," reads an note to employees from Pittman and president, CFO and COO Richard J.

Bressler, first reported by AllAccess. IHeart, which has more than 850 stations, let go hundreds of employees in January to "modernize"

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United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Deaths: 608 235
Recovered: 0
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United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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