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SiriusXM Lays Off Employees for Third Consecutive Year
SiriusXM has confirmed new layoffs, marking the satellite radio company's third time cutting employees in as many years. Get the details.
Three months after SiriusXM pivoted away from its streaming app in favor of its core in-car satellite listeners, the company further thinned its ranks on Monday (March 10) with a new round of layoffs. At the same time, SiriusXM named former Google and Viacom executive Wayne Thorsen as COO in charge of the company’s product and technology, corporate strategy and parts of the commercial business. “In having an ad-supported tier, it gives us a place where we can market to these individuals,” CFO Tom Barry said Tuesday (March 11) during the Deutsche Bank Media, Internet & Telecom Conference.
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