![]() The Ringer has been primarily focused on sports coverage, but it also covers pop culture and more.Īs part of this announcement, Spotify shared some metrics about its podcast business. In her memo, Sahar Elhabashi names some of the podcasts that are still actively developed, such as “Stolen,” “The Journal,” “‘Science Vs,” “Heavyweight,” “Serial Killers,” and “Conspiracy Theories.”Īnd if you’re wondering about The Ringer, another content company that was acquired by Spotify, it will remain a separate business unit from Spotify Studios. Evidence of this lies in the combination of Parcast and Gimlet into Spotify Studios. This move into first-party content was an expensive one as the company spent around $200 million for Gimlet Media and $56 million for Parcast.īut the company is now scaling back this original content strategy. The company acquired some popular podcast networks, such as Parcast and Gimlet Media. In 2019, Spotify made a big bet on podcasts, and on exclusive content in particular. Spotify promises that employees who are affected by the layoffs will get “generous severance packages, including extended Healthcare coverage and immediate access to outplacement support.” As a result, we have made the difficult but necessary decision to make a strategic realignment of our group and reduce our global podcast vertical and other functions by approximately 200 people, or 2% of Spotify’s workforce,” she continued. “However, doing so requires adapting over the past few months, our senior leadership team has worked closely with HR to determine the optimal organization for this next chapter. This fundamental pivot from a more uniform proposition will allow us to support the creator community better,” Elhabashi wrote. “We are expanding our partnership efforts with leading podcasters from across the globe with a tailored approach optimized for each show and creator. This change will affect around 200 jobs and those who are impacted have already received an invitation to talk with someone from the HR department. In an internal memo, Sahar Elhabashi, Spotify’s head of the podcast division, announced that the company was making changes that would lead to a workforce reduction of 2%. In particular, the company plans to merge Parcast and Gimlet Studios. This time, the job cuts will affect the podcast division as part of a corporate reorganization. Just a few months after announcing a significant wave of layoffs, Spotify plans to conduct another round of layoffs.
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