With all the advice swirling around for startups to prepare for a long drought on additional funding, layoffs are coming at a steady clip. Here are the latest companies cutting staff in these increasingly volatile financial times:
– Sirius (NSDQ: SIRI) XM: Less than three months after closing a delayed merger, the satellite radio company laid off at least 50 employees including on- and off-air talent, Washington Post reports. Staff cuts were expected to follow the $3.3 billion merger. Some deejays were shocked by the layoffs while others had been expecting them for some time. Company shares have taken a nosedive in recent months, dropping from a high of $3.83 at the end of last November to 37 cents today.
– Zillow: The Seattle-based real estate site announced it would be reducing its workforce by 25 percent in a blog post from CEO Rich Barton. He wrote that the company laid off about 35 employees after it