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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSiriusXM CEO on new app: It's an entirely new tech platform for data-driven personalizationSiriusXM CEO Jennifer Witz joins 'Squawk on the Street' to discuss the rollout of the company's next-generation streaming application and what it'll mean for consumers and business retention.
Persons: Jennifer Witz
SiriusXM announced Wednesday that it will launch a revamped app and a newly priced streaming plan as it pushes to attract younger customers. SiriusXM has shed subscribers recently, as it reported a loss of 94,000 satellite radio subscribers in the third quarter. The company is also simplifying its pricing structure, offering its new Streaming All Access Plan for $9.99 a month, a dollar cheaper than its current all-inclusive streaming plan. The cheaper price tag is another bid to attract millennial and younger customers, who may already pay for another streaming service. Select-model 2024 Polestar vehicles will come equipped with SiriusXM 360L technology, which combines satellite and streaming features, the company announced Wednesday.
Persons: Scott Greenstein, Kevin Hart, Ashley Flowers, Kelly Clarkson, SiriusXM, Jennifer Witz, Howard Stern, Conan O'Brien, Andy Cohen, Joe Inzerillo, Morgan Stanley, Dolly Parton, John Mayer, Witz Organizations: NEW, Industry, Tisch, Apple, Sirius, Technology, CNBC, SiriusXM Locations: New York City
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSiriusXM CEO Jennifer Witz on Q1 earnings after raised guidance despite revenue troublesJennifer Witz, SiriusXM CEO, joins 'Squawk on the Street' to discuss the growth prospects from Sirius XM, consumer's willingness to receive price increases and more.
New York CNN —BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. With 11,000 job cuts announced in November and the 10,000 announced in March, Meta’s headcount will fall to around 66,000 — a total reduction of about 25%. The company announced in January that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. IndeedJob listing website Indeed.com announced cuts of approximately 2,200 employees, representing almost 15% of its total workforce, the company said in March. The cuts come after the company announced several rounds of job cuts throughout the pandemic due to falling demand, followed by rapid hiring last year.
"We are entering into a new phase for our Company," CEO Jennifer Witz said in an email to employees on Monday. In November, the CEO had told the company that as part of their 2023 plans there would be a review of the company. "However, today's decision to reduce our workforce was required in order for us to maintain a sustainably profitable company," Witz said. After a review of our business, we have made the decision to reduce the size of our workforce by 475 roles, or 8%. However, today's decision to reduce our workforce was required in order for us to maintain a sustainably profitable company.
Radio company SiriusXM cuts workforce by 8%
  + stars: | 2023-03-06 | by ( ) www.reuters.com   time to read: +1 min
March 6 (Reuters) - SiriusXM Holdings Inc (SIRI.O) on Monday said it would lay off 8% of its workforce, or about 475 employees, as the satellite radio firm takes a hit from slow subscriber growth. Weak auto sales are also expected to hurt the radio operator's subscriber base. "Today's decision to reduce our workforce was required for us to maintain a sustainably profitable company," Chief executive Jennifer Witz said in a letter to staff. SiriusXM joins tech titans such as Microsoft Corp (MSFT.O) and Google-parent Alphabet Inc (GOOGL.O) that cut headcount by the thousands to weather a tough economy. In January, music streaming platform Spotify Technology (SPOT.N) also cut its workforce by 6%.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSiriusXM CEO Jennifer Witz: Covid did not impact subscriber turnoverJennifer Witz, SiriusXM CEO, joins 'Squawk on the Street' to discuss the future of digital audio advertising, podcast content competition strategy, and growing subscribers with SiriusXM's value proposition.
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