New York Radio Broadcaster Laying Off 8 Percent of Employees

A sign for SiriusXM Radio is displayed at the Voxx International Corp. booth 2012 International Consumer Electronics Show at the Las Vegas Convention Center in Las Vegas, on Jan. 12, 2012. Ethan Miller/Getty Images

Satellite radio firm SiriusXM has announced a reduction in its employee count, in line with the overall trend among tech companies firing workers in the past few months.

“After a review of our business, we have made the decision to reduce the size of our workforce by 475 roles, or 8 percent,” CEO Jennifer Witz said in a March 6 press release. “This was not an easy decision to make, nor one we took lightly. However, it is critical for us to take the right steps now to secure the long-term health and profitability of our business.”