SiriusXM is undergoing a restructuring that includes laying off about 160 employees, representing nearly 3% of its workforce. The move is aimed at increasing cost efficiency and investing in content and new technologies. CFO Nancy Buese and CEO Jennifer Witz emphasized the need for the company to become more efficient and agile. In a separate development, Spotify is discontinuing its 'Music + Talk' music licensing feature for podcasters, leading to layoffs and the potential jeopardy of the 'every noise at once' music database.
spotify laid off 1500 people in december -- but one of those people was the creator of the encyclopedic music database every noise at once, which is now in jeopardy due to the layoffs https://t.co/VshljkXB3l
Spotify’s layoffs put an end to a musical encyclopedia, and fans are pissed: https://t.co/BQScdSjWS7 by TechCrunch #infosec #cybersecurity #technology #news
Spotify’s layoffs put an end to a musical encyclopedia, and fans are pissed https://t.co/1g3iim6Sx6
SiriusXM Cuts 3% of Workforce to Invest in Content, New Technologies https://t.co/qSxQKLnWy2
Spotify Is Shutting Down ‘Music + Talk’ Music Licensing Feature For Podcasters https://t.co/1Kshrso4UH https://t.co/qdt8JErQkq
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
CFO Nancy Buese said during an earnings call last month that the restructuring would “remove duplication and drive more cost efficiency across the business.” https://t.co/RUoHLfuzFS