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Massive Clear Channel Layoff next week?

October 22nd, 2011 · 1 Comment

A fellow reader wrote to me:

“I work for clear channel and it has come to my attention this week that there will be layoffs and/or firings sometime next week.  Until yesterday I had no clue, however, my boss, a local sales manager, informed me that our program director heard rumblings from an online forum that there will be layoffs next week (week of 10/24/11).

I researched this and found this…  I am not willing to pay to subscribe to find out how big the layoff will be and what regions will be affected.  I look at it like… more people will have to go hungry so Limbaugh can remain fat and happy on his $400 Million salary from clear channel.”

I guess we will find out if there is a massive layoff at Clear Channel sometime next week. This blog started in 2008 during the financial crisis. In fact, one of the most popular features on this site is the Great Depression 2.0 Layoff Tracker.

Unfortunately, I have a feeling that I need to start updating the layoff tracker more frequently in the next 6 to 12 months – in fact I believe we’re heading to another financial crisis soon, and it’s going to be worse than 2008.

Stay tuned. I have a lot in the plan to make this blog more informative, more useful, and more action oriented to help you navigate the difficult economic environment for years to come.

Tags: Beat Recession

1 response so far ↓

  • 1 Darthyodel // Oct 26, 2011 at 5:37 pm

    It's happening today. Got the axe this morning.

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