MediaUS

SiriusXM Layoffs

March 2023

SiriusXM announced a layoff affecting 475 employees (8% of its workforce) in March 2023. The company operates in the Media sector.

People Affected

475

Percentage

Announced Date

Mar 6, 2023

About

SiriusXM, the satellite radio and audio streaming company, laid off 475 employees, representing 8% of its workforce, in March 2023. CEO Jennifer Witz announced the cuts as part of a wide-ranging restructuring, citing economic uncertainty and a need to operate with greater agility and efficiency to maintain sustainable profitability. The layoffs affected nearly every department and followed a period of expansion through acquisitions like Pandora and Stitcher. This move positioned SiriusXM among other media companies reducing headcount amid challenging economic conditions.