CC Cuts Another 3% of Workforce

In a second wave of layoffs this year, Clear Channel Radio eliminated 590 positions Tuesday (April 28), or just under 3 percent of its December 2008 staffing level. The cutbacks follow a Jan. 20 purge of 9 percent of the company’s workforce. Combined the two rounds amount to approximately 2,500 employees or 11.7 percent of its staff, according to a Clear Channel spokesperson, and complete a months-long process based on an analysis of the company by Bain Consulting.