SiriusXM Announces Job Cuts
• In yet another sign of the headwinds facing the media industry, SiriusXM announced it is eliminating about 160 jobs, or just under 3% of the company’s workforce.
The cuts were announced to the staff on Monday in a memo from CEO Jennifer Witz, which reads, in part, “To continue on our path to future subscriber growth and sustain our company’s success as the competitive landscape evolves, it’s imperative that we become even more efficient, agile and flexible. Therefore, today we are making several organizational changes, including the difficult decision to eliminate certain roles, which will allow us to move faster and collaborate more effectively in support of our long-term objectives.”
The memo continued, “From uniting teams and better aligning initiatives, to investing in new technologies that will power our transformation, we are focused on increasing efficiencies and redeploying resources to support the strategic priorities of our business.”
The last round of cutbacks happened last March, when the company laid off 475 staffers, about 8% of its headcount at the time. Variety has more details.
If you or someone you know has been adversely affected by these cuts, and would like your contact information shared with the industry, please email me at Kevin@RAMP247.com.
