Pandora announced today that they have laid off 14% of staff in reaction to the state of the economy.
Music-streaming service Pandora joins the growing list of startups laying off employees to survive in a worsening economy. The company let go 20 people yesterday, or 14 percent of its staff. Founder Tim Westergren broke the news in a blog post:
This is a very sad day for Pandora, and for me personally. Today we reduced our staff from 140 to 120 employees. Like virtually every company, Pandora is not immune to the challenges presented by the current economic turmoil. We are trying to react quickly and responsibly to the new environment.