Personnel Cuts Come To SiriusXM
• Late Monday RAMP learned that SiriusXM had implemented an unknown number of employee cuts across several departments.
The news of this round of downsizing was delivered in a late afternoon staff email from CEO Jennifer Witz, obtained by RAMP, which reads, in part, “We’re nearing the end of a profoundly challenging day — one that has touched all of us deeply and it’s important to take a moment to process today’s events. We parted ways with team members and friends across the Company; this is never easy. In this moment, we must lean on one another for support while focusing on the path ahead.”
The memo continues, “Deciding to eliminate roles is incredibly difficult. However, it is a necessary step as we continuously evaluate our structure to ensure our business is set up to succeed in the future. As we move forward on our path to becoming more efficient, nimble, and flexible, the organizational changes implemented today will make us stronger, and better positioned to achieve our long-term objectives and more focused strategy. We are driving ahead with three primary goals in mind: delivering more value to our core subscribers, continuing to expand our ad business, and functioning as an even more efficient, ROI-driven organization.”
Witz’s memo closed by stating that more information would be forthcoming during the next Company-wide All Hands meeting in February. Witz noted, “During that time, I will share additional insight into our next steps and the way ahead for 2025.”
While we are still attempting to confirm specific names, please know that if you or a colleague has been adversely affected by these cutbacks and would like your information shared with the industry, please email me at Kevin@RAMP247.com.
