Clear Channel Outdoor Texas Layoffs

clear channel outdoorClear Channel Outdoor is going through a round of layoffs in Texas.  Not a surprise that most of the negative reviews of Clear Channel Outdoor on Glass Door are Texas employees.

Downsizing is never good for morale.  Insider supposes that revenue is off and the layoffs are necessary to meet cashflow targets.

Clear Channel has to do something to increase it’s cashflow margin up because it trails Lamar and Outfront as you can see in the following Chart.

 

 

cashflow margins june 2016


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