The company is eliminating 475 jobs as part of a broader restructuring.
in 2022 due to broader macroeconomic headwinds, including supply chain issues impacting new car sales.: Nearly every department across SiriusXM will be impacted by the cuts, according to staff note from CEO Jennifer Witz posted online.
Impacted employees will receive exit packages that include severance, transitional health insurance benefits, Employee Advocacy Program continuation, and outplacement services, Witz noted.: SiriusXM has made a number of acquisitions in the past few years, expanding its focus from satellite radio subscriptions to music, podcasts and more.
Witz said that the company tried to find other opportunities to become more agile and efficient without layoffs, including identifying areas where it could limit discretionary spending and reducing its real estate footprint, but ultimately, layoffs were required in order for SiriusXM "to maintain a sustainably profitable company."
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SiriusXM cuts 8% of its workforce as part of a broader reorganizationSiriusXM CEO Jennifer Witz told staff on Monday the company is cutting 8% of its workforce, or 475 roles.
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SiriusXM cuts 8% of its workforce as part of a broader reorganizationSiriusXM CEO Jennifer Witz told staff on Monday the company is cutting 8% of its workforce, or 475 roles.
Leer más »
SiriusXM Laying Off 475 Employees, Cutting 8% of WorkforceIn a wide-ranging restructuring, SiriusXM is eliminating 475 jobs — or about 8% of its headcount — with CEO Jennifer Witz citing economic uncertainty and a need to operate with “g…
Leer más »
SiriusXM Cuts 475 Jobs, Reducing Workforce by 8 Percent'Nearly every department across SiriusXM will be impacted,' CEO Jennifer Witz told employees in a memo Monday morning.
Leer más »