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iHeart layoffs in 3, 2, 1…

Discussion pertaining to Detroit, Ann Arbor, Port Huron and SW Ontario
The Painted Horse
Posts: 23
Joined: Mon Feb 20, 2023 12:05 pm

iHeart layoffs in 3, 2, 1…

Unread post by The Painted Horse »

Last week, iHeart announced cost cutting measures including a suspension of the 401k match.

• Temporarily suspending the 401(k) match starting in your next pay period and for future months until the advertising marketplace improves. Please note that any contributions made so far this year will not be affected.
• We will only be backfilling mission critical roles.
• Stopping or reducing all discretionary spending, including non-essential T&E, overtime, outside vendor spend, temporary contractors, etc.

Now, things are about to get even worse. Stand by…
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