Layoffs At Rdio
December 4, 2015 at 8:49 AM (PT)
It was just a few weeks ago (NET NEWS 11/16) that PANDORA agreed to acquire several key assets from RDIO for $75 million in cash, subject to certain purchase price adjustments. RDIO was to shut down after the sale, but at the time, it was reported that many of RDIO's employees would be offered jobs at PANDORA.
A report from the SAN FRANCISCO BUINESS TIMES indicates that may not be the case. The publication writes, "RDIO will lay off 123 people in SAN FRANCISCO as it merges with OAKLAND-based media company PANDORA, according to a WARN report filed with CALIFORNIA’s Employment Development Department. In addition to those jobs, VENTUREBEAT reported late THURSDAY that RDIO could eventually eliminate as many as 140 to 180 jobs total, which is the majority of its workforce."