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Enterprise Information Roundup, Feb. 1


Pandora Music

to scale back employees

Struggling Pandora Media mentioned Wednesday it’s chopping 5 p.c of its staff and shifting a few of its operations to Atlanta, the place it’s cheaper than within the struggling streaming music firm’s residence in Oakland.

The company belt-tightening will shave about $45 million a 12 months in prices, which will probably be reinvested in rising Pandora’s promoting and advertising, non-music content material and integration with numerous shopper gadgets, the corporate mentioned in a submitting with the Securities and Trade Fee.

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