Post-Pandora, SiriusXM Lays Off 60-ish

• In the wake of SiriusXM completing its $3.5 billion acquisition of Pandora, 60 people have been let go, according to an internal staff memo sent by CEO Jim Meyer. A source noted to Variety that not all of the adversely affected employees were at Pandora.

“When we acquired Pandora earlier this year, both organizations knew that there would be changes to the workforce as we aligned departments, formed new teams, and found we had greater visibility on the roadmap for the combined company,” the memo, acquired by Variety, reads. “Because of that, today we made a reduction in our ranks of less than 60 team members. Changes like these are difficult, and I want to take a moment to recognize the contributions each of those individuals gave to both Pandora and SiriusXM. Their work and focus helped put us in the leadership position we have today. We’ve made these changes to better align our resources with business needs.” The news was initially reported by Billboard.

Shortly before the acquisition was complete, Pandora announced that CEO Roger Lynchand several other executives would step down, with Lynch’s roles being absorbed by Meyer. Earlier this month Lynch was named CEO of Conde Nast.