iHeartMedia is undergoing staff cuts as the company embarks on the process of restructuring its radio programming.
In a memo sent to employees this week, executives outlined a need to speed up the sales process after building new tech capabilities over the past few years. The memo does not detail the exact number of employees impacted, and iHeartMedia declined to comment on the number, but reports have put it in the dozens.
The move also comes after iHeartMedia announced a cost-saving plan that is meant to lead to $50 million of annualized cost savings. The plan, announced in May, was set to begin in the second half of 2026, and comes in addition to the $100 million of previously announced savings.
“We also know that our sellers need faster and easier to use information about our programming, talent and audiences. Faster is better, and that’s the goal of our changes. With that in mind, we’ve built new tech capabilities over the last several years that have enabled us to both deepen our relationships with the listeners and communities who depend on us and improve the support we provide to our sellers. We’re now moving to scale this approach, implementing structural changes within our Programming organization and expanding responsibilities for key leaders,” chief programming officer Tom Poleman and Multiplatform Group CEO Ann Marie Licata wrote in the memo.
