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.
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.
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.
"There are so many jobs that need to be filled, and I think smart companies are understanding there are retired workers that have the skills, expertise and maturity that they are looking for," she said. "If they can make the job attractive with the flexibility and opportunity for growth that the older worker is looking for they can pull those people out of retirement and back into the workforce."
"I spent much of my career training people to go into operations," said Furr, who has worked as a fabricator and welder, worked in nuclear power plants, and held numerous other titles throughout his 45 years of experience. "Some of the things that we try to set up here in labs involve what they would see in the plant. It really is an ideal thing. If they can't see that thing up close .