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Spotify cuts more employees, this time podcast division

Photo: Courtesy of Spotify
Photo: Courtesy of Spotify

Today, Spotify announced it is laying off two-hundred employees from its staff through a memo. LinkedIn News says the company wants to scale back its podcasting unit. Spotify has invested over $526 million into podcasts over the past three years. In a Bloomberg report, “there was confusion over money that prevented the launch of new shows and made expense approvals difficult for existing ones.”

Written by Richardine Bartee

Her unprejudiced love for people, the arts, and business have taken her this far. Join Richardine on her journey as she writes history into existence, one article at a time. Richardine is a member of the Recording Academy/GRAMMYs, and a GRAMMY U Mentor. She is the North American Press Agent and US Business Manager for Oxlade; Follow her on Instagram and Twitter.

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