Monday, May 11, 2009
Sirius Subscribership Injured in Chrysler, GM Bankruptcy Pile-Up
If you thought the decline in subscribers posted by Sirius XM Radio in its first quarter was ugly, you ain’t seen nothing yet. With the souring economy weighing heavy on the auto industry–a mainstay of Sirius’s business–and partner Chrysler navigating bankruptcy, the struggling company is bracing itself for continued subscriber losses in its second quarter.




The hammer has fallen at eBay. This morning the online auctioneer sacked about 1,000 permanent employees and a few hundred temps, about 10 percent of its workforce. That’s a bit less than the 1,500 workers for whom the company was rumored to be writing up pink slips, but it’s substantial just the same.