Universal Orlando announced earlier this week that it’s opening the Volcano Bay water park on May 25, just in time for Memorial Day weekend and the subsequent summertime crowds. hasn’t unveiled an official opening date for Pandora: The World of Avatar, the immersive Avatar -themed expansion at Disney’s Animal Kingdom.
Category: Pandora
Will Layoffs at Pandora Media Inc Help Set the Stage for Its Big Plans in 2017?
Management also mentioned in the announcement that the company will be eliminating 7% of its U.S. workforce this quarter. The layoffs “are designed to ensure the company can execute on its core strategic initiatives without additional capital”, according to the press release .
Pandora to cut 7 percent of workforce, sees better revenue
Business appears to be looking up for Pandora Media, but there are going to be fewer employees around to reap whatever benefits the internet radio company has to report. The company is cutting 7 percent of its workforce as it reduces operating costs and launches a slate of crucial new initiatives.
Pandora Radio to Lay Off 7 Percent of U.S. Staff
The streaming Internet radio provider will likely cut 100-150 employees by the end of the first quarter in 2017. With the word “discipline” appearing in founder Tim Westergren’s comments, Pandora announced via an 8K filing today that seven percent of its U.S. workforce — not including Ticketfly — is being laid off in the coming weeks as part of a “reduction in force plan.”
What Happened in the Stock Market Today
Fitbit shares spiked 7% following a rare piece of encouraging news about the fitness device maker’s holiday sales trends. Its activity tracking software was the second most-popular download among free apps on Apple ‘s iTunes this past week, beating such heavyweights as Snapchat, YouTube, and Instagram.