CBS Radio announced it will downsize its workforce. Several reports indicated it was unknown how many or which positions will be eliminated around the country, but according to The New York Daily News, half of the program directors at CBS-owned radio stations in New York were fired Thursday as well as employees in nonprogramming areas like engineering, promotions and the Internet.
In a statement, CBS said the job slashing is part of a national restructuring for the company “to more effectively monetize the aggregate number of listeners who hear us on the radio and the Internet.”