Spotify Cuts News Today

Spotify CEO Daniel Ek said the job cuts were necessary to stay profitable amid setbacks in its podcast department six months ago.

Spotify CEO Daniel Ek said the job cuts were necessary to stay profitable amid setbacks in its podcast department six months ago.

Reddit became the newest tech company to cut jobs after letting go of 90 employees. (Photo: LIONEL BONAVENTURE/AFP via Getty Images) Reddit became the newest tech company to cut jobs after it decided to let go of 90 employees.

A memo from SPOTIFY VP/Head of Podcast Business SAHAR ELHABASHI to the companys staff outlines another cut of a significant number of jobs from SPOTIFYs podcast division, around 200 employees let go, or 2% of the companys overall workforce. SPOTIFY is also merging its PARCAST, GIMLET, and SPOTIFY STUDIOS divisions, with THE RINGER remaining separate under BILL SIMMONS, who also continues as Head of Podcast Innovation and Monetization. VP/Head of Global Podcast Studios JULIE MCNAMARA will ...

Spotify announces letting go of 200 employees as it plans to merge Parcast and Gimlet into Spotify Studios.

An estimated 280 million users around the world were affected by the Microsoft cloud outage, which was resolved later Wednesday morning.