A few weeks ago, Slacker Radio’s CEO was telling us that his company was “on the cusp of profitability” while criticising the business models of rivals like Pandora as “just not sustainable”.
Yet this week it’s Slacker Radio which is under the microscope, after the company confirmed a significant round of layoffs.
“Slacker Radio is laying off approximately 25% of the team as part of our ongoing effort to focus on efficiency and accelerate the path towards profitability,” Duncan Orrell-Jones told Hypebot.
“Our strategy has always been to innovate in the radio and music space, and we’ve been working hard to develop new experiences that we believe will fulfil the promise of radio reimagined. The Slacker Radio app will not be affected by these changes, nor will several new product releases that are scheduled for later this year.”