The satellite radio giant says layoffs will impact 475 employees across nearly every department.
The accelerator program will spotlight six to 12 artists over the next year via focused programming on SiriusXM and Pandora stations and playlists.
Also this week: A judge rules on Pandora's battle with comedians, Tory Lanez is put under house arrest, and much more.
Growth in self-pay subscribers helped push quarterly revenues higher, offsetting increased content costs.
The streamer claimed comedians were illegally teaming up to demand more royalties, but a federal judge didn't buy it.
