How the Spotify layoffs impact its podcasting business

exclusively to the platform. Now, as part of its companywide layoffs, Spotify is turning to consolidation.

. “This organization’s trajectory has been astonishing, going from practically zero market share and a handful of podcasts, to the leading platform with more than five million podcasts today and a 30x increase in podcast consumption on the platform.” Aside from Ostroff, the content side has avoided the worst of the cuts this time around. It does not appear that any additional shows have been cut, but that’s probably because those teams were hit hard“We remain committed to building on our success in podcasting, delivering innovative features for creators, and continuing to invest in O&E podcasts,” Spotify spokesperson Rosa Oh toldOn the ad and business side, the new layoffs were more deeply felt.

It goes to the larger issue that Spotify still has to find a way to make its many podcast business acquisitions — Anchor, Megaphone, Podsights, Chartable — work in harmony. According to the same former employee, that has not happened yet: “They don’t have an actual strategy for their podcasts yet. There are all these different tech stacks.”

Well, we know the product impact. downdetector

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spotify latest tech company to cut jobs, axes 6% of workforceSpotify joins firms like Amazon, Microsoft and Google, which have already announced tens of thousands of job cuts.
Source: AKNewsNow - 🏆 460. / 53 Read more »

Spotify axes jobs in latest round of tech industry layoffsCEO Daniel Ek announced the restructuring in a message to employees that was also posted online.
Source: fox7austin - 🏆 594. / 51 Read more »

Spotify layoffs: Music streaming business to cut 6% of workforceOver the past few months, major tech companies have swiftly reversed a pandemic hiring spree that saw them add thousands of workers to keep up with a surge in demand from households and businesses for services such as online shopping and videoconferencing. Remember when it was Elon musk that started the layoffs and yall and other mainstream media dragged him through the mud for it? It’s all about the narrative😂 Another tech company layoff?
Source: ABC7 - 🏆 67. / 68 Read more »