SiriusXM Makes New Round of Layoffs [Yahoo! Finance]
Liberty Media Corporation - Series A Liberty Braves (BATRA)
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Source: Yahoo! Finance
The number of employees affected wasn't disclosed. The layoffs impact the operations department, primarily the product and technology group, according to the source. They are part of SiriusXM's new strategic focus, announced late last year as the company continues to adjust its workforce based on the needs of the organization. This latest round of layoffs comes after SiriusXM announced in January that it was eliminating 160 jobs -about 3% of its workforce. "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," Jennifer Witz wrote in a memo at the time. "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." The longtime executive aims to expand the company Si
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