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iHeartMedia Extends Staff Furloughs Another 90 Days
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billboard.comBillboard and confirmed by an iHeart representative.Sent Tuesday (June 9) by iHeartMedia chief people officer Lorna Hagen to furloughed employees, the email notes that the “lockdown of businesses and communities” due to the pandemic “has lasted far longer than anticipated and has had a significant impact on advertising revenue,” forcing the radio giant to extend the furlough period.“As a result of these longer than expected impacts, a number of companies are extending employee furloughs – and unfortunately we will be doing so as well, extending your furlough period for another 90 days,” the email reads. “We continue to expect that the furlough, which began on April 4, 2020, will be temporary.
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