SiriusXM has announced a round of layoffs affecting 160 employees or 3% of its total workforce.
In a memo to staffers, CEO Jennifer Witz wrote, “We made significant progress on the transformation of our business in 2023, but we have just begun to scratch the surface of what is possible here at SiriusXM. 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.”
The current round of cuts come nearly a year after SiriusXM cut 475 positions in March 2023. No word yet on what departments or positions are being eliminated nor of any affected names.
