Another PB layoff – what does it mean?Don @ IdahoRadioNews | March 22, 2009
“I’m tired of seeing people become unemployed in this town.”
-Todd Lawley, 2/13/09, speaking of the Fresno, CA market
Peak Broadcasting laid off another employee late last week — less than three weeks after employees were forced to take a ten percent pay cut. At the time, folks were told this would help avoid further staff reductions – but now that doesn’t seem to be the case.
Multiple people in the Peak staff meeting where the pay cut was announced say that a Peak manager told the assembled staff that the company was healthy, and would use the cost savings to buy more stations. Either that’s untrue (meaning these cuts are happening because Peak’s in trouble), or the company is taking money from its employees to buy new stations. Either way… it isn’t a good thing.