Spotify is laying off 200 workers from its podcast division, or about 2% of its total global workforce, the company disclosed in a memo disclosed publicly Monday.
Spotify VP and podcast head Sahar Elhabashi wrote that the cuts are part of a strategic shift to expand partnership efforts “with a tailored approach.”“This fundamental pivot from a more uniform proposition will allow us to support the creator community better,” Elhabashi wrote. “However, doing so requires adapting; over the past few months, our senior leadership team has worked closely with HR to determine the optimal organization for this next chapter.”Spotify cut 6% of its overall workforce earlier this year, including Dawn Ostroff, who stepped down as chief content and advertising business offer of the company’s podcast business.As a part of the latest restructuring, Elhabashi wrote, Spotify will merge its Parcast and Gimlet groups into a “Spotify Studios operation” to produce originals.
Spotify canceled nearly a dozen underperforming originals late last year.The Ringer division, acquired by Spotify in 2020, will remain an semi-independent venture headed by Bill Simmons..
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