Spotify cutting about 2% of its workforce, roughly 200 workers
Spotify is cutting about 200 people, or 2% of its workforce, as the streaming company reworks its podcast unit
By AP News
Published - Jun 05, 2023, 01:30 PM ET
Last Updated - Jun 21, 2023, 12:44 PM EDT
Spotify is cutting about 200 people, or 2% of its workforce, as the streaming company reworks its podcast unit.
Sahar Elhabashi, vice president, Head of Podcast Business, said in a memo that impacted employees would receive severance packages including extended healthcare coverage and immediate access to outplacement support.
In January Spotify announced that it was cutting 6% of its global workforce, or about 600 jobs.
Elhabashi also said Monday that the Stockholm company would be combining podcast networks Parcast and Gimlet into its Spotify Studios operation.