Spotify cuts ~200 jobs, or 2% of its staff, at its podcast unit, combines Parcast and Gimlet into a renewed Spotify Studios, and reports 100M+ podcast listeners
06/05 18:35
Spotify has become the most-used audio podcast platform in many parts of the world and is also the top podcast publisher in the US, with over 100 million listeners on its platform. Since entering the space, consumption has grown by more than 1,400%, and there are now over five million shows available on Spotify. The company's recent focus is to deliver even more value for creators through format innovation, improved discovery tools, expanded analytics capabilities, and increased monetization options. However, this requires adapting to changes that include reducing its global podcast vertical and other functions by approximately 200 people or 2% of Spotify's workforce. Despite these changes, Spotify remains committed to original programming and will combine Parcast and Gimlet into a renewed Spotify Studios operation while expanding teams that support creator partnerships.
BullishBearish2Share
Disclaimer:The content above does not represent HTX's positions.,HTX does not provide any trading recommendations.。
All Comments0LatestHot