KCRW has eliminated 28 jobs through buyouts and layoffs as the Santa Monica-based public radio station projects a whopping 30% loss to its operating budget due to the pandemic.
In an open letter published on Wednesday, KCRW President Jennifer Ferro said that while a federal loan through the Paycheck Protection Program helped the station keep staff on through last month, the ongoing economic damage caused by the pandemic led the station to offer voluntary buyouts to staff, which 24 staffers agreed to take. Another four positions were eliminated on Wednesday, bringing the total to 28 — or roughly 18% of the station’s full- and part-time staff.
Hiring? Create your free Drafted account
Create you free account to join companies like Better.com and Karat who use Drafted to power their referral hiring.
The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.
