There are no layoffs or changes to podcasts as part of this decision, which the audio giant says was made in order to draw subscribers to its own app.
In a memo sent to employees, executives from the satellite radio and audio company said SiriusXM will not be backing away from podcasting, but rather will be trying to move more listeners over to its SXM app in order to grow subscriber numbers
ahead of new “streaming experience” launching this fall. The SiriusXM Podcast Network, which includes content production hubs Stitcher Studios and Earwolf, remains unchanged as part of this decision and there will not be layoffs as part of this.
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