This plant is also called a parlor palm. It stays thick and green with little light and attention. Over watering is evident with yellowing and brown tips on the fronds. When soil becomes too dry the lower leaves turn yellow.
As with most palms, remove the old discolored and dead fronds at the bottom of the plant. There can be leaf loss when the plant is acclimating due to low light and lack of humidity. If this happens the small inner leaves dry up and die. Remove them. Pruning to maintain the shape is not needed with this low growing compact palm.