SiriusXM to cut 160 jobs amid subscriber losses
SiriusXM will issue pink slips to around 160 workers in an effort to curb expenses amid a broader restructuring of the company’s operations.
SiriusXM will issue pink slips to around 160 workers in an effort to curb expenses amid a broader restructuring of the company’s operations.
A lawsuit accusing SiriusXM of making it difficult for customers to cancel their subscriptions has been moved to federal court.
Satellite and streaming radio company deliberately makes it difficult for subscribers to cancel their subscriptions, New York’s Attorney General alleges.
SiriusXM rolled out a refresh of its corporate brand on Wednesday, a move that will also see changes to its cornerstone audio services made in the near future.
SiriusXM will hike its subscription prices and the U.S. Music Royalty Fee on satellite and streaming customers in March 2023.
Executives at SiriusXM Pandora say the company is considering job cuts in order to address a serious slowdown in subscription sales that has affected its bottom line.
SiriusXM Pandora reported an increase in revenue during its most-recent financial quarter, but overall growth remains slow at its flagship satellite radio service.
A SiriusXM Pandora executive says sports-related programming, including live events, help convert free trial customers to paid subscribers.
As SiriusXM Pandora looks to add more capabilities and features to its radios, the company is starting to upward adjust its price on customers.
The company continues to push its new IP-enabled SiriusXM 360L radios on carmakers, with SiriusXM-ready radios using the XM platform.