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SiriusXM Layoffs Hit 3% Of Workforce
Satellite audio firm SiriusXM is trimming its global workforce by 3% in a bid to become "more efficient, agile, and flexible," CEO Jennifer Witz said.
“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. 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.”
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