The online radio service will let go of 7 percent of its U.S. workforce, the company announced on Thursday. Along with layoffs, to meet its financial goals Pandora will leverage "its analytics platform and ad insertion logic to drive additional revenue and realize leverage in content costs." We have reached out to Pandora for an explanation on just what that means because your guess is as good as ours. "While making workforce reductions is always a difficult decision, the commitment to cost discipline will allow us to invest more heavily in product development and monetization and build on the foundations of our strategic investments," Pandora CEO Tim Westergren said in a statement. SEE ALSO: iHeartRadio's new streaming options let you choose a song, then return to the radio The layoffs won't apply to Ticketfly, which Pandora bought for $450 million in October 2015.
Sandwich chain Pret A Manger is to cut 3,000 jobs, or over a third of its workforce, as part of a plan to save the struggling business. The jobs will mainly go at its stores, but 90 roles will also be lost at its support centre. It follows a decision earlier this summer that 30 Pret stores across the UK would close permanently. The firm has been hit as demand from commuters and office workers - a key market - has plunged in the pandemic. Boss Pano Christou said he was "gutted" to lose so many colleagues.
Microsoft's workforce has grown significantly since 2017, according to a new report from the company tracking the size and makeup of its employee base. Microsoft has more than 180,000 employees in more than 100 countries, representing an increase of 46.5% since 2017. The numbers only cover Microsoft's core workforce and do not include the employees of LinkedIn and GitHub. Women make up 29.7% of Microsoft's current workforce and the company's racial make up is 48.5% white and 34.9% Asian. Microsoft said the Hispanic and Latinx population grew 0.5% to 7% of the global workforce while the Black workforce is now at 5.7%, an increase of 0.9%.
Snap finally released its Citizen Snap Report, outlining the company's diversity, community and environmental efforts over the past year and, wow, it's easy to see why they decided to drop this information while everybody was paying attention to the House anti-trust hearings today. Look, we already knew these numbers were going to be atrocious. Back in June, Snap CEO Evan Spiegel reportedly told employees during a company all-hands meeting that he would not release diversity stats for the company, despite internal calls for action against a perceived culture of racism, because it "would reinforce the idea that minority groups are underrepresented in the tech industry," according to Business Insider. And hey, guess what, they absolutely do. According to the report released today, Snap is overwhelmingly staffed by white men.