SiriusXM, the US subscription radio service, is planning to cut its headcount amid a slowdown in growth.

CEO Jennifer Witz informed staff that job reductions were possible in order to address economic uncertainty, including a long-term slowdown in sales, reports Bloomberg.

SiriusXM reportedly has around 5,600 employees including those at the legacy satellite radio service, its datacasting divisions and its audio on-demand products Pandora and Stitcher.

In the past, SiriusXM executives have affirmed that the company’s growth is largely tied to new and used vehicle sales. SiriusXM has partnerships with car manufacturers to install satellite radio tuners and other SiriusXM equipment.

Other posts by :

1. Turkey establishes satellite production ecosystem
2. Italy joins Germany in IRIS2 alternate thoughts
3. Kazakhstan to create museum at Yuri Gagarin launch site
4. AST SpaceMobile gets $42 or $1500 price target
5. Analyst: GEO bloodbath taking place
6. SES AGM results: Appaloosa still objecting
7. SpaceX’s Shotwell worth $1.2bn
8. SpinLaunch’s revolutionary plan for 280 satellites
9. Consolidation impacts satellite sector

Categories: Articles, Business, Digital Radio

Tags: radio, siriusXM