SiriusXM announces layoffs of 475 people, or 8% of its total workforce

SiriusXM, the satellite radio company and Pandora owner, disclosed today it’s laying off 475 employees, representing 8% of its workforce. In an email sent to employees, CEO Jennifer Witz said the cuts would impact “nearly every department” across the company, and follow a review of SiriusXM’s operations announced in November that aimed to identify areas where it could improve its agility and efficiency, she said. As part of that effort, the company made efforts to cut content, marketing and discretionary spending, decreased its real estate footprint, and tightened up it

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