Spotify to Lay Off 200 Workers in Podcast Division

Spotify to Lay Off 200 Workers in Podcast Division
Small figurines are seen in front of displayed Spotify logo in this illustration taken on Feb. 11, 2022. Dado Ruvic/Reuters
Reuters
Updated:

Spotify Technology SA said on Monday it would cut 200 jobs from its podcast unit in its second round of layoffs, as the company restructures the business after years of heavy investment.

The move affects about 2 percent of the music-streaming giant’s workforce and aligns Spotify with the likes of Meta Platforms and Roku, which have also cut jobs for the second time in response to an uncertain economy.