Sirius XM Radio (SIRI) said Thursday it will have trimmed 22% of its work force by year-end, as the satellite radio provider moves to slash costs in order to stay on track and post an adjusted profit next year, even amid slumping car sales.The New York-based company will have cut 458 people from its staff, going down to 1,600 people from the 2,058 it employed before its July acquisition of XM Satellite Radio Holdings Inc. Sirius Chief Executive Mel Karmazin made the announcement at its annual shareholders meeting, according to a filing with the Securities and Exchange Commission.
Sirius Ending 2008 With 22% Less Staff
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