Pandora radio founder Tim announced the layoff of 20 employees in a blog post made on their website. The challenging economic conditions and royalty fees probably resulted in this tough decision:
"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.
We cherish our employees. We have painstakingly built a team that I am tremendously proud of - there's not a person in our company who hasn't contributed substantially to what we do, and who we are. The twenty folks we let go today were no exception..."
"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.
We cherish our employees. We have painstakingly built a team that I am tremendously proud of - there's not a person in our company who hasn't contributed substantially to what we do, and who we are. The twenty folks we let go today were no exception..."
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