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Executive Jobs Targeted for Sat Rad Cuts

Karmazin plans to detail the cuts next month.

Sirius XM Radio CEO Mel Karmazin has confirmed that the company will trim its executive roster in order to save money.

Karmazin told Bloomberg this morning “We’re not going to need two different people” making sales calls to retailers, for example.

The chief executive has said by merging, the two satellite radio companies could see up to some $400 million in savings.

According to the account, Karmazin plans to detail the cuts next month.

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