When your company has never turned a profit and is bleeding money like a stuck Power Pig, it's a pretty good bet budgets will be cut. That means overhead, people, jobs, perks, etc. Andrew Ross Sorkin in The New York Times writes, "[SIRIUS C.E.O Mel Karmazin]...has to slash some $400 million in annual costs and seems almost giddy at the prospect."
The SIRIUS - XM Merger may become reminiscent of the consolidation which occurred in AM and FM during the 1990s - a time of job losses, budget cuts, employees wearing many hats, and constantly diminishing resources.
More: The Merger Effect: What a Combined XM and SIRIUS Satellite Radio Means to You
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