Pandora to Lay Off 7% of Its Workforce
Pandora will lay off 7% of its U.S. workforce, excluding workers from Ticketfly, by the end of the first quarter this year.
Pandora said the move was made to increase operational efficiency.
“While making workforce reductions is always a difficult decision, the commitment to cost discipline will allow us to invest more heavily in product development and monetization and build on the foundations of our strategic investments,” Tim Westergren, CEO of Pandora, told investors in a letter released ahead of the company’s Q4 earnings.
