Sahar Elhabashi, vp, Head of Podcast Business, stated in a memo that impacted staff would obtain severance packages. File
| Photo Credit: AP
Spotify is cutting about 200 individuals, or 2% of its workforce, because the streaming firm reworks its podcast unit.
Sahar Elhabashi, vp, Head of Podcast Business, stated in a memo that impacted staff would obtain severance packages together with prolonged well being care protection and quick entry to outplacement assist.
In January Spotify introduced that it was cutting 6% of its international workforce, or about 600 jobs.
Ms. Elhabashi additionally stated Monday that the Stockholm firm could be combining podcast networks Parcast and Gimlet into its Spotify Studios operation.
“With these changes, we will accelerate into the next chapter for podcasts on Spotify with strong discovery and podcast habits for users, thriving monetisation and audience growth for creators, and a valuable, high-margin business for Spotify,” Ms. Elhabashi stated.
In afternoon buying and selling, shares rose almost 3 per cent and briefly set a 52-week buying and selling excessive.
