Business News Roundup, Feb. 1

Streaming

Pandora Music

to reduce staff

Struggling Pandora Media said Wednesday it is cutting 5 percent of its employees and shifting some of its operations to Atlanta, where it is cheaper than in the struggling streaming music company’s home in Oakland.

The corporate belt-tightening will shave about $45 million a year in costs, which will be reinvested in growing Pandora’s advertising and marketing, non-music content and integration with various consumer devices, the company said in a filing with the Securities and Exchange Commission.