New York Post: The new owners of radio giant Clear Channel Communications will next week begin implementing a massive restructuring plan that seeks to cut $400 million in costs at the company, The Post has learned.

According to three sources with knowledge of the plan, the restructuring will include layoffs across the company’s radio, outdoor advertising and international divisions as well as cuts to programming budgets and consolidation of back-office operations.

A precise headcount for the layoffs could not be obtained. Clear Channel has about 30,000 employees worldwide.

One Response to “Layoffs at Clear Channel”

1. ron says:

   January 19, 2009 at 9:29 pm

   The key is to survive the layoff by keeping the impact as low as possible. I have been through at least 3 layoff in my 20 year career and personally I feel that it the best way to ride this wave is to be prepared for the extreme . I firmly believe in the Murphy ’s Law especially the 3rd one, ” Whatever can go wrong will go wrong, and at the worst possible time, in the worst possible way”

   if any one interested in a no-nonsense game of “layoff survival” check out , a fun way to see different options to survive layoff.

   Thank you,
   Jon Power