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Pandora cuts its workforce by 7 percent
Streaming is big business, although most of the companies in the space keep a nervous eye on their bank balances. Pandora, the internet radio service that seemed most at risk, has said that it's now doing better, thank you very much. The company has posted its latest financial figures, boasting that it now has 4.3 million paid subscribers and has trimmed some of its losses. Which is nice, although there's a poison pill buried in that news: the company will cut seven percent of its workforce in pursuit of "operational efficiency."
