Spotify cuts podcast division –

Spotify is going to put even more people on the street. This time will be the layoffs to have consequences for the podcast division. The company plans to merge Parcast and Gimlet Studios.

This involves a reduction in personnel of 2 percent or approximately 200 jobs.

Spotify promises workers affected by the layoffs will receive “generous layoff packages, including comprehensive health care coverage”

In 2019, Spotify focused heavily on podcasts, and exclusive content in particular. The company acquired some popular podcast networks such as Parcast and Gimlet Media. Spotify paid 200 million for Gimlet Media and 56 million for Parcast.

Source: Nieuws – Emerce by

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