SiriusXMis the latest media company to lay off staff as the industry retrenches.

Unfortunately, this will mean saying goodbye to talented colleagues across the organization.

This was not an easy decision to make, nor one we took lightly.

Jennifer Witz SiriusXM CEO on layoffs

Jennifer WitzPaul Morigi/Getty Images for SiriusXM

How did we get here?We are entering into a new phase for our Company.

As a result, nearly every department across SiriusXM will be impacted.

Together, we are committed to delivering the best premium audio experience in North America.

WGA West building in Hollywood

Well discuss these changes and our path forward during our next Company-wide All Hands meeting.

In closing, thank you for your focus, dedication, and resilience.