General World News

Pandora lays off 5% of its staff and shifts its focus away from California because it’s too expensive (P)

  • Pandora laid off 5% of its workforce Wednesday as part of cost-cutting efforts to boost the slumping company.
  • The music streaming service, which is headquartered in Oakland, California, is looking to expand its presence in Atlanta, Georgia due to a lower cost of living.
  • The company expects this reorganization to save $45 million annually.

The $1.2 billion internet radio company Pandora laid off 5% of its employees on Wednesday in order to “prioritize its strategic growth initiatives and optimize overall business performance,” according to an SEC form filed by the company.
It’s not immediately clear how many jobs these layoffs will read more >>>

Source:: BusinessInsider.Com