News - 13/01/2017

Pandora lays off 7% of US workforce: over 100 jobs will go

Pandora lays off 7% of US workforce: over 100 jobs will go

Pandora Media has announced that a significant chunk of its US employees that is being laid off. The company is performing a "reduction in force plan" which will affect approximately 7% of its employee base in the States, not including Ticketfly.

Pandora employed 2,219 people around the world at the end of 2015, according to filings – with the vast majority in the US. Judging by the expected growth of the company since then, it is estimated that around 100-150 staff will now be cut.

In a note to investors, Pandora said the move “will allow the Company to focus and realign existing resources on execution and make further investments in product innovation to drive advertising revenue and subscription growth”.

The cuts would be completed by the end of the first quarter of 2017 and they will bring between $4m and $6m in severance/benefits expenditure.

© 2024 All rights reserved. Rockol.com S.r.l. Website image policy

Rockol

  • Rockol only uses images and photos made available for promotional purposes (“for press use”) by record companies, artist managements and p.r. agencies.
  • Said images are used to exert a right to report and a finality of the criticism, in a degraded mode compliant to copyright laws, and exclusively inclosed in our own informative content.
  • Only non-exclusive images addressed to newspaper use and, in general, copyright-free are accepted.
  • Live photos are published when licensed by photographers whose copyright is quoted.
  • Rockol is available to pay the right holder a fair fee should a published image’s author be unknown at the time of publishing.

Feedback

Please immediately report the presence of images possibly not compliant with the above cases so as to quickly verify an improper use: where confirmed, we would immediately proceed to their removal.