SiriusXM To Lay Off 475 Staffers, 8% Of Workforce, In “Uncertain Economic Environment”

is the latest media company to lay off staff as the industry retrenches. CEO Jennifer Witz said today the satellite radio broadcaster, podcaster, owner of streaming music service Pandora and home to Howard Stern, will be cutting 475 jobs, or 8% of its workforce “to secure the long-term health and profitability of our business.”

Over the course of the day today, impacted employees will begin receiving invitations to join meetings with their respective leader and a member of our People + Culture team. Together, we are committed to delivering the best premium audio experience in North America. We are evolving our service to give the next generation of listeners new ways to discover and engage with our incredible programming and talent. With our vision as clear as ever, and our operating transformation now underway, we will continue to make investments as we gear up for our next major milestone: the launch of a new, best-in-class SiriusXM experience.

How many jobs could be saved if they did pay HowardStern $112 million a year

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SiriusXM cutting 8% of workforceThe company is eliminating 475 jobs as part of a broader restructuring. Their service is grossly overpriced. Bye salgovernale This comes after the company recently announced a hike in the monthly subscription price. I pay $28.99 per month now.
Source: axios - 🏆 302. / 63 Read more »

SiriusXM cuts 8% of its workforce as part of a broader reorganizationSiriusXM CEO Jennifer Witz told staff on Monday the company is cutting 8% of its workforce, or 475 roles. Would have been better if they canned their woke CEO who was an “equity” hire. She is no Jim Meyer… very weak leadership, and it is beginning to show. Lots of diversity though…. 👍
Source: CNBC - 🏆 12. / 72 Read more »