Clear Channel Outdoor Holdings layoffs, on the record
Every job cut, severance charge and restructuring Clear Channel Outdoor Holdings reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 3,900 to approximately 1,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 3,900 | As of December 31, 2023 |
| 10-K for 2024 | approximately 4,100 | As of December 31, 2024 |
| 10-K for 2025 | approximately 1,900 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing says the company implemented restructuring plans to reduce headcount and related costs during the height of the COVID-19 pandemic, and warns it may take similar measures if economic conditions worsen.
Word for word“During the height of the COVID-19 pandemic, we were required to take various measures to increase our liquidity and preserve and strengthen our financial flexibility, including implementing restructuring plans to reduce headcount and related costs throughout our business.” 10-K for 2023
Our summaryThe company recorded restructuring and other costs in 2023 tied to cost-saving initiatives such as severance, including expenses for resolving the Clear Media investigation.
Word for word“Restructuring and other costs (2) 21,337 9,963 7,431 (1) Excludes share-based compensation expense for employees of discontinued operations for all periods presented.” 10-K for 2023
Our summaryThe company recorded restructuring and other costs within consolidated SG&A expenses in 2023.
Word for word“The following table provides the restructuring and other costs included within consolidated SG&A expenses: (In thousands) Years Ended December 31, 2023 2022 2021 Restructuring and other costs 2,614 1,116 2,664 Corporate Expenses Corporate expenses primarily consist of infrastructure and support costs related to our information technology, human resources, legal, finance, business services and administrative functions, as well as overall executive leadership.” 10-K for 2023
Our summaryThe company reported restructuring and other costs within direct operating expenses for 2024, which relate to cost-saving initiatives.
Word for word“Restructuring and other costs 1,064 280 421 Consolidated Selling, General and Administrative (“SG&A”) Expenses SG&A expenses primarily consist of employee-related costs for sales, marketing, segment leadership and support functions, as well as costs for marketing, facilities, information technology, and other general expenses.” 10-K for 2024
Our summaryThe company reported restructuring and other costs within SG&A expenses, which include severance and termination costs from cost-saving initiatives.
Word for word“The table below provides the restructuring and other costs included within consolidated SG&A expenses: (In thousands) Years Ended December 31, 2024 2023 2022 Restructuring and other costs $ 1,899 $ 850 $ 1,035 Corporate Expenses Corporate expenses primarily consist of infrastructure and support costs related to our information technology, human resources, legal, finance, business services and administrative functions, as well as overall executive leadership.” 10-K for 2024
Our summaryThe company reported restructuring and other costs within corporate expenses for 2024, down from 2023.
Word for word“Share-based compensation expense (1) $ 23,076 $ 17,547 $ 17,836 Restructuring and other costs (2) 4,878 20,550 9,950 (1) Excludes share-based compensation expense for employees of discontinued operations for all periods presented.” 10-K for 2024
Our summaryThe company reported that restructuring and other costs for the America segment were excluded from Segment Adjusted EBITDA, and that restructuring costs are defined as costs of cost-saving initiatives such as severance.
Word for word“Restructuring and other costs (2) 2,963 1,130 1,456 Depreciation and amortization 173,998 196,811 173,726 Impairment charges — — 22,676 Other operating income, net ( 8,340 ) ( 4,488 ) ( 9,466 ) Interest expense, net 401,541 398,050 334,055 Loss (gain) on extinguishment of debt 2,393 ( 3,817 ) — Other expense, net 8,378 5,699 784 Loss from continuing operations before income taxes $ ( 133,129 ) $ ( 183,123 ) $ ( 78,986 ) Capital Expenditures (3) America $ 63,354 $ 75,431 $ 79,529 Airports 12,619 20,050 25,298 Other 13 298 269 Corporate 4,731 5,714 5,094 Total $ 80,717 $ 101,493 $ 110,190 (1) Corporate expenses primarily consist of infrastructure and support costs related to our information technology, human resources, legal (including estimated costs for legal liabilities), finance, business services and administrative functions, as well as overall executive and support functions.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2020-12-31 | $14.6 million | $8.8 million |
| 2021-12-31 | $31.9 million | $13.4 million |
| 2022-12-31 | $810,000 | $16.5 million |
Clear Channel Outdoor Holdings filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Clear Channel Outdoor Holdings’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.