Spotify to Lay Off 2% of Workforce, Primarily in Podcast Groups
- Cuts to affect about 200 employees, company says in blog post
- Gimlet Media and Parcast studios eventually to become one unit
The Spotify application.
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Spotify Technology SA will lay off 2% of its employees, or 200 people, primarily in its podcast division, the company said in a public blog post. Sahar Elhabashi, vice president, head of podcast business, made the announcement, saying the cuts would help the streaming service become an “optimal organization” for the next stage of its talk-content business.
Two of the company’s studios, Gimlet Media and Parcast, will eventually merge into Spotify Studios with the branding for those networks being removed from programming. The Ringer, a third studio, will continue to operate independently, a spokesperson said in an emailed comment. Additional cuts will impact finance and talent acquisition.