Bad news continues to flow from press surrounding Sirus XM Radio. Word of continued downsizing has been surrounding the company which is being hit extremely hard by the global economic depression and collapse of the automotive industry.

Many employees of the satellite radio giant have been laid off as a result of financial hardship. Press has revealed that last week alone saw some thirty workers removed from their positions.

The downsizing has now seen approximately 130 Sirius employees let go with the end of this negative business decision slated to end by December 31st of 2008.

Further adding to the drop in Sirius XM morale, complaints regarding severance pay conflict have also been featured in the stories.

[Via Orbitcast]