IHeartMedia Chairman/CEO Bob Pittman and Chief Financial Officer/Chief Operating Officer Rich Bressler penned an internal companywide memo announcing another round of cost-cutting within the company. In the memo, several initiates are outlined, but the RIF thing is merely hinted (“Our goal is to do everything we can to get through this difficult economic time while protecting our employee base as much as possible”). Other big companies are following suit, and the aggregate reduction in workforce within the industry is likely to amount to thousands of jobs.