Digital radio technology developer iBiquity has had to trim its workforce to conserve resources.
Company President/CEO Robert Struble announced to employees last Thursday there had been “necessary layoffs,” according to a statement in which he said: “We are saddened to see these good people go.”
The company declined to say how many positions were cut, whether they were technical positions or how many total employees it has now at its Columbia, Md., Detroit and New Jersey offices.
In a statement to Radio World, Struble said: “The company is continuing its strong forward movement: expanding the implementation of HD Radio broadcasting, bringing portable radios to market, expanding the technology’s factory installation on vehicles and increasing HD Radio product visibility and sales.”
To Radio World’s knowledge, these are the first layoffs since 2003 when Glynn Walden, Rick Martinson and others left the company.