It's the second time this year the company has announced layoffs.
The streaming company's head of podcast business, Sahar Elhabashi, announced"the difficult but necessary decision to make a strategic realignment" Monday in a newsroom statement. She also noted the employees involved will get"generous severance packages," extended health care coverage and immediate access to outplacement support.
Monday's layoff news was grouped with other changes coming to Spotify's podcast business, like the merging of Parcast and Gimlet networks into one Spotify Studios operation. Spotify is the No. 1 podcast publisher in the U.S. and is the most-used audio podcast platform in most areas globally, it said in the note. More than 100 million people listen to podcasts on Spotify, and consumption has grown more than 1,400% since the company invested in the space.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Modern rock station Live 105 will return to the airwaves MondayThe switch from 105.3 Dave FM to Live 105 will occur at 10:53 a.m. Monday.
Read more »
Live 105 returns to the airwaves on Monday, while Dave FM goes bye-bye“The people have spoken, and we are excited to answer the call,” Audacy’s Stacey Kauffman says of the decision to bring back the legendary radio station.
Read more »
Traffic Alert: Center section of Valley View Bridge opening MondayBig changes are coming for drivers who use the I-480 Valley View Bridge. Drivers will be able to use the center bridge as an express lane to bypass the I-77 interchange.
Read more »
WGA Thinks Different: Striking Scribes Target Apple Stores & HQ For Monday ProtestsThe Writers Guild wants to take a bite out of Apple. Deadline has confirmed that the guild plans to bring its monthlong strike to the front door of streamer Apple TV+ on Monday. In a deft move, the…
Read more »
#JHope's '#JackInTheBox' Enters Top 5 Most-Streamed Albums by Korean Soloists on Spotify | allkpopJ-Hope's album, 'Jack in the Box,' has now ascended to the position of the fifth most-streamed album by a Korean soloist on Spotify, accumulating an …
Read more »
PM Update: Pleasant Monday, with a few clouds and breezes at timesMainly pleasant again tomorrow with just a few clouds and breezes at times.
Read more »