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Radio Icon Greg Williams Laid Off Amid Audacy Restructuring

3/8/2025

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Summary

Greg Williams Laid Off

After 25 years of captivating audiences at Power 93.5 in Wichita, beloved radio personality Greg "The Hitman" Williams was among the 200 employees laid off by Audacy. The company, grappling with financial woes since its 2017 merger, is restructuring following Chapter 11 bankruptcy. Despite the setback, Williams remains hopeful and grateful for the journey ahead.

Summary

Audacy Workforce Cuts

In a shocking move, Audacy, the nation's second-largest radio broadcaster, has let go of around 200 employees, with more cuts looming that could surpass 300 by mid-March. This drastic action, affecting both on-air talent and accounting staff, comes on the heels of the company's Chapter 11 bankruptcy filing in January 2024, as it struggles to slash its staggering debt from $1.9 billion to a more manageable $350 million.

History

Historical Context

Audacy's layoffs echo the radio industry's struggles post-2017 merger with CBS Radio. Similar to Cumulus Media's financial turmoil after aggressive acquisitions, Audacy's Chapter 11 bankruptcy reflects a broader trend of consolidation leading to instability. This history of mergers often prioritizes debt reduction over employee retention.

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Greg Williams Laid Off

After 25 years of captivating audiences at Power 93.5 in Wichita, beloved radio personality Greg "The Hitman" Williams was among the 200 employees laid off by Audacy. The company, grappling with financial woes since its 2017 merger, is restructuring following Chapter 11 bankruptcy. Despite the setback, Williams remains hopeful and grateful for the journey ahead.

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