Spotify’s Daniel Ek
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Spotify introduced Monday it is shedding more or less 200 staff, or about 2% of its-person staff, as a part of an effort to modify how the streaming corporate handles its partnership with “main podcasters from around the globe.”
Spotify’s international staff used to be 8,359 other folks in 2020, in line with an SEC submitting, with 4,332 of the ones staff in the USA.
The cuts had been introduced by way of Sahar Elhabashi, vp at Spotify, in a memo to staff. The ones impacted will probably be supplied with “beneficiant severance programs,” Elhabashi stated.
Elhabashi stated the “elementary pivot from a extra uniform proposition will let us improve the author neighborhood higher.”
Spotify has spent closely to amplify its podcast unit within the final 3 years. Since 2020, Spotify spent 493 million euros ($526 million), on 4 other acquisitions within the podcast house, in line with an SEC submitting.
Spotify additionally entered into high-profile sponsorship offers with distinguished names like Meghan, Duchess of Sussex, and Joe Rogan, the web character.
Spotify didn’t instantly go back a request for remark.
