SiriusXM Lays Off 475 Employees Across ‘Nearly Every Department,’ Citing ‘Today’s Uncertain Economic Environment’

In December, reports suggested that SiriusXM was preparing to reduce the size of its team after suffering a third-quarter subscribership decline. Now, with paid promotional subscribers having also fallen during Q4, the Pandora parent has laid off 475 employees. SiriusXM (NASDAQ: SIRI) CEO Jennifer Witz revealed the unfortunate news via a public update this morning. […]

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Written by Digital Music News