March 07, 2023 - 6:00pm | By Kyle Cornell
(New York, NY) -- SiriusXM is laying off part of its workforce.
The satellite radio company said it's laying off 475 people, or about eight-percent of its workforce, as it's looking to reorganize its business.
CEO Jennifer Witz told employees the layoffs are being made as the company is "entering a new phase" on top of "today's uncertain economic environment."
This comes as the media and tech industry have seen a string of layoffs in recent months.