Pandora layoffs not so charming

Pandora’s stock is climbing before the opening bell Friday

NEW YORK — Pandora’s stock is climbing before the opening bell Friday after the online radio company provided a stronger fourth-quarter revenue outlook and announced plans to cut approximately 7 per cent of its workforce.

Pandora said late Thursday that the job cuts, which would exclude Ticketfly, are being done to help trim overall operating costs.

The Oakland, California-based company has been facing increasing competition from Spotify and Apple Inc.’s music service.

Pandora anticipates beating its previously announced forecast for fourth-quarter revenue in a range of $362 million to $374 million, citing its strong advertising performance. Analysts polled by FactSet expect $369.6 million.

Pandora Media Inc. is expected to report its fourth-quarter and full-year financial results on Feb. 9.

Its stock gained 95 cents, or 7.9 per cent, to $12.95 in premarket trading.

Just Posted

One person dead, five others injured in early-morning crash in Kingston, Ont.

KINGSTON, Ont. — A man who was checking the damage on his… Continue reading

Accused murderer tells all to Mr. Big undercover officer

Joshua Frank tells undercover police officer he shot the Klaus family

Central Alberta Child Advocacy Centre prepares to open

Non-profit will run the facility and agencies will provide staff

A slow economic recovery isn’t yet loosening Central Alberta’s tight job market

Job-seekers at Red Deer fair say there are still few openings

Rocky Mountain House man arrested for child luring

A 30-year-old Rocky Mountain House man was arrested after allegedly having explicit… Continue reading

WATCH: Central Middle School students’ Christmas tree

A group of Central Middle School students are set to show off… Continue reading

Red Deerian honours her brother who died in a motorcycle collision

Houaida Haddad is encouraging Red Deer residents to donate blood

Red Deer County firefighters to be recognized for Waterton help

RCMP brass will give formal recognition Monday

Ron James tries to lighten humanity’s load through humour

The comedian returns to Red Deer for shows Dec. 1 and 2

100+ Women Red Deer donate to Christmas Bureau

About $14,000 will help with Christmas hampers and toys

Semi collides with vehicle on Highway 2 north of Ponoka

Members of the Ponoka Integrated Traffic Unit dealt with a call on Highway 2 north of Ponoka

After 70 years, Red Deer veteran still remembers his traumatic war experience

Frank Krepps feels lucky to have survived the Second World War

Merritt Mountie charged with assault

Charges are in relation to an incident in May at the detachment, B.C. Prosecution Service said

Blackfalds RCMP arrest “armed and dangerous” man

A 38-year-old man, who police identified as armed and dangerous, was arrested… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month