SiriusXM is reducing its global workforce by about 3%, cutting approximately 160 jobs to enhance efficiency and flexibility. The move is part of a broader trend in the audio industry, with companies like Audible, Spotify, and Warner Music Group also announcing job cuts.
Another one: Continental cutting 7,150 JOBS, AMOUNTING TO 3.6% OF WORKFORCE 1. Twitch: 35% of workforce 2. iRobot: 31% of workforce 3. Hasbro: 20% of workforce 4. LA Times: 20% of workforce 5. Spotify: 17% of workforce 6. Levi's: 15% of workforce 7. Xerox: 15% of workforce… https://t.co/4VBHj6tHLb
Continental To Cut 7,150 Jobs In Savings Push At Auto Unit - BBG https://t.co/fw3xrvcLjn
Germany's Continental is cutting around 7,150 positions in its struggling auto unit to cut costs and make the business more competitive for the complex shift to EVs https://t.co/Wj7MzpAqcP
❖ CONTINENTAL TO CUT 7,150 JOBS, AMOUNTING TO 3.6% OF WORKFORCE
*CONTINENTAL TO CUT 7,150 JOBS, AMOUNTING TO 3.6% OF WORKFORCE
In response to a slower ad market and the potential impacts of AI, some audio companies, such as SiriusXM, Spotify and Warner Music Group, have recently announced plans to eliminate jobs. https://t.co/jaK0ZFbXMO
Audio companies are being hit with new rounds of job cuts and cost-cutting measures. · SiriusXM said it would eliminate 160 jobs · Audible laid off 100 people · Spotify cut 1,500 jobs in December · Warner Music Group said it plans to lay off 600 people https://t.co/VghuxXij9K
SiriusXM Cuts 3% of Workforce to Invest in Content, New Technologies https://t.co/qSxQKLnWy2
SiriusXM is eliminating about 160 jobs, a move to cut expenses that represents a layoff affecting just under 3% of the satellite radio and audio streamer’s workforce. https://t.co/L0V67683l4
Satellite audio firm SiriusXM is trimming its global workforce by about 3% in an effort to become “more efficient, agile, and flexible,” CEO Jennifer Witz wrote in a memo to employees https://t.co/NJCJpwQqf5
SiriusXM Layoffs Hit 3% Of Workforce https://t.co/NJCJpwQqf5
SiriusXM to Lay Off 160 Employees, About 3% of Workforce https://t.co/L0V67683l4
SiriusXM Cuts 160 Jobs Amid Push to Become More "Efficient, Agile" https://t.co/RcqGoAwPRb