Spotify cuts 200 jobs in its podcast division but promises new original series incoming
1 year, 6 months ago

Spotify cuts 200 jobs in its podcast division but promises new original series incoming

India Today  

Spotify has announced plans to revamp its Podcast division by making structural changes, which includes cutting 200 jobs -- roughly 2 per cent of Spotify's global workforce. In a blog post, Sahar Elhabashi, VP and head of Spotify's podcast business, suggests that podcast listeners continue to grow and the company also enjoys a stable position on the market. In the last decade, the popularity of podcasts across platforms has increased significantly, and today there are many creators known for their dedicated series across health, tech and true crime genres. Elhabashi posts state that the company would be combining Parcast and Gimlet -- two high-profile podcasting studios it acquired in 2019 into a renewed Spotify Studios operation to produce originals, such as Stolen, The Journal, Science Vs, Heavyweight, Serial Killers, and Conspiracy Theories.

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History of this topic

Spotify to soon share revenue with video podcast creators to take on YouTube: See details
1 month, 1 week ago

Spotify to soon share revenue with video podcast creators to take on YouTube: See details

Hindustan Times  

Spotify will soon start sharing revenue with creators based on how much their videos are viewed, in a move to take on YouTube's video podcast dominance, according to a Business Insider report. "By giving you guys, the creators, another path to monetization beyond ads, we're freeing you up to do what you like doing, which is creating," the report quoted …

Spotify launches huge push into video as it takes on YouTube
1 month, 1 week ago

Spotify launches huge push into video as it takes on YouTube

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. While Spotify did not explicitly name its rival during its announcement, its chief executive Daniel Ek promised …

Spotify profits up, but lower marketing hits user growth
8 months ago

Spotify profits up, but lower marketing hits user growth

Hindustan Times  

By Supantha Mukherjee Spotify profits up, but lower marketing hits user growth STOCKHOLM -Spotify's quarterly gross profit topped 1 billion euros for the first time after it reined in marketing spending, although that meant the music streaming giant missed its forecast for monthly active users. "We are going to add back some marketing spend over the year," CEO Daniel Ek …

Spotify swings to profit, paying subscribers rise
8 months ago

Spotify swings to profit, paying subscribers rise

Hindustan Times  

Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter. Spotify swings to profit, paying subscribers rise The company posted a "new quarterly high" operating profit of 168 million euros a turnaround from a loss of 156 million euros over the same period …

Spotify reaches 236 million premium subscribers, revenue up 16 per cent: Details
10 months, 2 weeks ago

Spotify reaches 236 million premium subscribers, revenue up 16 per cent: Details

India TV News  

Spotify, a Swedish music streaming platform said that it now has 236 million premium subscribers, which is a 4 per cent increase over the last quarter. The monthly active users have gone up 23 per cent to 602 million and one million ahead of guidance, the company said while disclosing its Q4 2023 numbers. Total revenue grew 16 per cent …

Spotify wants to be a place for creation and discovery, not just for music.
54 years, 11 months ago

Spotify wants to be a place for creation and discovery, not just for music.

Slate  

If Spotify were composing a song about the past few years, it would not be up-tempo pop. In a statement Dec. 7, Spotify CEO Daniel Ek said, “We’ve come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences.” On Sunday’s episode of What Next: TBD, I spoke with Bloomberg …

Ex-Spotify employee calls layoffs an emotional roller coaster, says she has no words to express herself
1 year ago

Ex-Spotify employee calls layoffs an emotional roller coaster, says she has no words to express herself

India Today  

2023 has been a tough one for techies across the globe as major companies like Amazon, Google, Meta and Microsoft announced large-scale layoffs this year. One of these employees shared how she lost her job and that it has been an "emotional roller coaster." Unfortunately, I too was affected by the recent round of layoffs at hashtag#spotify and it’s been …

Spotify CEO Explains Why 1500 People Were Laid Off In December 2023: Know More
1 year ago

Spotify CEO Explains Why 1500 People Were Laid Off In December 2023: Know More

News 18  

Spotify continues to churn out high subscriber numbers in the market which gives it a clear lead over Apple Music and other services. Generally, companies decide to remain silent when they lay off employees but Spotify CEO has done the right thing by highlighting the reason for 1500 Spotify employees losing their job this month. According to a report by …

Spotify ousts its finance chief after cutting 1,500 jobs
1 year ago

Spotify ousts its finance chief after cutting 1,500 jobs

The Telegraph  

Spotify has ousted its finance chief as founder Daniel Ek overhauls the streaming service in a bid to strip out costs. The Swedish music company said chief financial officer Paul Vogel will step down at the end of March. The company earlier this week announced it would slash 17pc of its workforce – around 1,500 jobs – in the third …

Spotify to fire 1,500 employees in its third round of layoffs in 2023: Story in 5 points
1 year ago

Spotify to fire 1,500 employees in its third round of layoffs in 2023: Story in 5 points

India Today  

Spotify, a famous music streaming service, faced tough times in 2023. This decision, led by the company's CEO, Daniel Ek, marked the third major round of job cuts that year, impacting about 17 per cent of their workforce. These challenges arose as Spotify grappled with financial pressures despite being a dominant force in the global music streaming industry. To align …

Spotify reduces workforce by 17%, cuts 1,500 jobs: Report
1 year ago

Spotify reduces workforce by 17%, cuts 1,500 jobs: Report

The Hindu  

Spotify is reducing its workforce by 17% in one the biggest layoffs in the audio streaming platform this year. Spotify CEO Daniel EK in statement said the company has too many people dedicated to supporting work rather than contributing to opportunities with real impact. Ek further shared that the company had debated making smaller cuts over the next two years …

Spotify Is Screwed
54 years, 11 months ago

Spotify Is Screwed

Wired  

Just days after people gleefully posted their Spotify Wrapped, bad news came for the music streaming giant. Ek said the cuts may seem “surprisingly large given the recent positive earnings report and our performance,” but due to “the gap between our financial goal state and our current operational costs,” Spotify would take “substantial action.” Despite its popularity, the company has …

Spotify to sack 1,500 employees during its third layoffs round this year
1 year ago

Spotify to sack 1,500 employees during its third layoffs round this year

Hindustan Times  

Music streaming giant Spotify said on Monday that it will lay off around 1,500 employees, or 17% of its headcount, to bring down costs, after letting 600 of its staff go in January, and 200 more in June. REUTERS/Dado Ruvic/File Photo After a round of job cuts at the start of the year by tech companies, some have begun reducing …

Spotify axes 17% of workforce in third round of layoffs this year
1 year ago

Spotify axes 17% of workforce in third round of layoffs this year

Associated Press  

LONDON — Spotify says it’s axing 17% of its global workforce, the music streaming service’s third round of layoffs this year as it moves to slash costs while focusing on becoming profitable. In a message to employees posted on the company’s blog Monday, CEO Daniel Ek said the jobs were being cut as part of a “strategic reorientation.” The post …

Spotify cuts 17% of its global workforce in the latest round of cuts
1 year ago

Spotify cuts 17% of its global workforce in the latest round of cuts

LA Times  

Spotify on Monday said it is laying off 17% of staff. “Economic growth has slowed dramatically and capital has become more expensive,” said Daniel Ek, Spotify’s chief executive, in a blog post. “Spotify is not an exception to these realities.” Ek said the company had considered making smaller reductions in 2024 and 2025 instead, but “considering the gap between our …

Spotify to cut 17% of staff in the latest round of tech layoffs
1 year ago

Spotify to cut 17% of staff in the latest round of tech layoffs

NPR  

Spotify to cut 17% of staff in the latest round of tech layoffs Enlarge this image toggle caption Toru Yamanaka/AFP via Getty Images Toru Yamanaka/AFP via Getty Images The music streaming giant Spotify has announced it's cutting 17% of its workforce in a dramatic move aimed at slashing costs. In a memo addressed to staff, CEO Daniel Ek said it …

Spotify introduces new transcription feature for podcasts. Here's how it works
1 year, 2 months ago

Spotify introduces new transcription feature for podcasts. Here's how it works

Live Mint  

Spotify has added a new auto-generated transcripts feature to podcasts, allowing users to read along with the podcasts. The new transcription feature will be available for free and premium users on the Spotify app and can be accessed by clicking on the read-along section below the podcast player and following along on the full screen. In a blog post about …

Spotify takes £34m hit on podcasting in wake of Harry & Meghan split
1 year, 4 months ago

Spotify takes £34m hit on podcasting in wake of Harry & Meghan split

The Telegraph  

Spotify has taken a €39m hit on podcasts after ditching a string of deals including its high-profile tie-up with the Duke and Duchess of Sussex. The music streaming service revealed that it had taken the writedown in the second quarter of the year as a result of “write offs and contract termination” costs “in connection with rationalising our podcast content …

Spotify added millions of users. Here’s why the stock is getting hammered
1 year, 4 months ago

Spotify added millions of users. Here’s why the stock is getting hammered

LA Times  

Spotify’s subscriber numbers are surging. Spotify’s stock on Tuesday plummeted 14% to close at $140.38 a share as the company issued weaker revenue guidance than Wall Street analysts expected. The Swedish audio company added 10 million subscribers during the second quarter to hit a total of 220 million paying users, up 17% from a year earlier. Daniel Ek, Spotify’s chief …

Why Spotify’s bet on big names like Meghan unravelled
1 year, 6 months ago

Why Spotify’s bet on big names like Meghan unravelled

The Telegraph  

Spotify has a proprietary ad tech platform for its music, which is meant to make attaching ads to shows simple and lucrative. Annie Langston, an analyst at Midia Research, adds that Spotify’s platform is “oversaturated”, making it harder for any show to become a hit. He had Elon Musk on and they were smoking dope… it’s the kind of thing …

Spotify drops Meghan Markle's Archetypes podcast after 'failing expectations'
1 year, 6 months ago

Spotify drops Meghan Markle's Archetypes podcast after 'failing expectations'

Hindustan Times  

Meghan Markle's Spotify podcast will not be renewed for a second season, it has been reported. Prince Harry and Meghan Markle arrive at United Nations headquarters, Monday, July 18, 2022 Insiders close to Spotify have claimed the royal couple failed to meet the productivity benchmark that was needed to receive the full payout, according to Wall Street Journal. The axing …

Podcasting giant Spotify cuts 200 more jobs amid industry struggles
1 year, 6 months ago

Podcasting giant Spotify cuts 200 more jobs amid industry struggles

LA Times  

The engineer room in “Pod City” at Spotify’s regional headquarters in Los Angeles. The Stockholm-based audio company said podcast production companies Gimlet and Parcast will be combined into a “renewed Spotify Studios operation” that will be overseen by Julie McNamara, head of global podcast studios. The company heavily invested in podcasting over the years, buying several production companies such as …

Why did Spotify layoff 600 employees globally?
1 year, 11 months ago

Why did Spotify layoff 600 employees globally?

India TV News  

Spotify, a music streaming giant has announced to slash 6 per cent of its workforce which means, the company is set to remove around 600 staffers, across the world. Image Source : PIXABAYSpotify "And for this reason, today, we are reducing our employee base by about 6 per cent across the company. The company said that an average employee of …

Spotify latest tech name to cut jobs, axes 6% of workforce
1 year, 11 months ago

Spotify latest tech name to cut jobs, axes 6% of workforce

Associated Press  

LONDON — Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens. Big tech companies like Amazon, Microsoft and Google announced tens of thousands of job cuts this month as the economic boom that the industry rode …

Spotify could cut staff as early as this week
1 year, 11 months ago

Spotify could cut staff as early as this week

The Hindu  

Spotify Technology is planning layoffs as soon as this week to cut costs, Bloomberg News reported on Sunday, joining the likes of Alphabet Inc., Amazon.com Inc., and Microsoft Corp. who have cut thousands of jobs recently. Swedish music streaming giant Spotify said Monday that it was cutting six percent of its roughly 10,000 employees, the latest among a slew of …

Spotify confirms layoffs, plans to fire around 600 employees
1 year, 11 months ago

Spotify confirms layoffs, plans to fire around 600 employees

India Today  

Music streaming firm Spotify Technology SA said on Monday it plans to cut 6 percent of its workforce, or roughly 600 jobs, adding to a glut of layoffs in the technology sector as companies prepare for a possible recession. Spotify, which had about 9,800 full-time employees as of Sept. 30, said it expects to incur about 35 million euros to …

Spotify kills 11 original podcasts, lays off around 5% staff
2 years, 2 months ago

Spotify kills 11 original podcasts, lays off around 5% staff

India TV News  

Spotify, a music streaming platform has been reportedly shuttering down 11 original podcasts from its in-house studios, as a part of cost-cutting and layoffs which recently took place. Among the podcasts which got cancelled from the in-house studio's Gimlet and Parcast are How to Save a Planet Crime Showa Medical Murders to name a few Also, in the second quarter …

Spotify temporarily removed dozens of ‘Joe Rogan Experience’ podcast episodes due to ‘technical issue’
2 years, 6 months ago

Spotify temporarily removed dozens of ‘Joe Rogan Experience’ podcast episodes due to ‘technical issue’

LA Times  

Spotify this week temporarily removed dozens more episodes of “The Joe Rogan Experience,” one of the company’s most popular and controversial podcasts, according to the automated tracking website JRE Missing. Thirty-six newly removed episodes appear to have been recorded prior to Rogan’s exclusive licensing deal to take his show and its back catalog to Spotify in 2020, reportedly valued at …

Spotify lays off staff, shuts down its podcast studio
2 years, 11 months ago

Spotify lays off staff, shuts down its podcast studio

India TV News  

Highlights The team rounded out Spotify's in-house studio offerings The team of Spotify Studios had 10 to 15 employees who lost their jobs Gina Delvac, Studio Head was also laid off Swedish music streaming giant Spotify has shut down its podcast studio and laid off some members of the team, the media reported. Studio 4, or Spotify Studios, had 10 …

What is Spotify Wrapped and How it May Help You Discover New Music, Podcasts
3 years ago

What is Spotify Wrapped and How it May Help You Discover New Music, Podcasts

News 18  

It’s that time of the year when several app makers release a list of the most popular trends on their platforms. The platform has been also releasing its own ‘Wrapped’ list at the end of the year since 2019 that highlights what you listened to on Spotify and gives you a personalised playlist of your top songs, songs you may …

Spotify to buy Ohio audiobooks firm, expanding audio ambitions
3 years, 1 month ago

Spotify to buy Ohio audiobooks firm, expanding audio ambitions

LA Times  

“It is Spotify’s ambition to be the destination for all things audio both for listeners and creators,” Gustav Söderström, Spotify’s Chief Research & Development Officer, said in a statement. Spotify on Thursday said it will buy Ohio-based audiobooks distribution company Findaway as the Swedish streaming service continues to expand its audio offerings beyond music and podcasts. “It is Spotify’s ambition …

Why ‘Last Podcast on the Left’ will no longer be a Spotify exclusive
3 years, 2 months ago

Why ‘Last Podcast on the Left’ will no longer be a Spotify exclusive

LA Times  

The hosts of “Last Podcast on the Left”: Marcus Parks, Henry Zebrowski and Ben Kissel. As part of the agreement, “Last Podcast on the Left” will also launch a live weekly radio show on SiriusXM’s “Faction Talk.” “It’s been really sweet, we’ve learned a lot from, but then we got an opportunity to go wide again, “ host Henry Zebrowski …

Spotify Now Has 158 Million Premium Subscribers and 356 Million Monthly Active Users
3 years, 7 months ago

Spotify Now Has 158 Million Premium Subscribers and 356 Million Monthly Active Users

News 18  

Swedish music streaming giant Spotify, in its earnings report yesterday said that it now has 158 million premium subscribers and 356 million monthly active users. This makes for a 21 percent year-on-year increase in premium subscribers and a 28 percent increase in monthly active users. Spotify’s growth comes as the company is focusing on podcasts as a way to convert …

Spotify to launch rival podcast subscriptions to Apple: Report
3 years, 7 months ago

Spotify to launch rival podcast subscriptions to Apple: Report

India TV News  

Following Apple's announcement of paid subscription podcasts, Swedish music streaming service Spotify is planning to introduce a paid podcast subscription service, where it will not take a cut of revenue unlike Apple, the media reported. AppleInsider citing the Wall Street Journal reported that Spotify's offering will differ from Apple's as it will neither charge a fee nor take a revenue …

Spotify announces new podcasts for Indian listeners
3 years, 8 months ago

Spotify announces new podcasts for Indian listeners

India TV News  

Spotify on Wednesday announced a slate of new podcasts from India, including four new Spotify Originals and one exclusive podcast partnership. The Originals include Tamil talk show "The RJ Balaji Podcast", Hindi comedy podcast "Andar Ki Baat by Amit Tandon", psychological horror show "Darr Ka Raaz with Dr. Phobia" and true crime series "Crime Kahaniyan". "We are continuing our effort …

As future of podcasts booms, Hollywood uses the space as testing ground for bankable content
3 years, 9 months ago

As future of podcasts booms, Hollywood uses the space as testing ground for bankable content

Firstpost  

Hollywood is using the medium of #podcasts to test storylines for promising material, which can then be used for TV, films In November, production began in Los Angeles on a new series with the trappings of a potential hit. “As we move forward and more of these platforms assume a stronger gatekeeping position,” Quah said, “there’s a strong possibility for …

With Warner Bros, DC Comics as partners and new interactive tools, Spotify’s future has podcast written all over it
3 years, 10 months ago

With Warner Bros, DC Comics as partners and new interactive tools, Spotify’s future has podcast written all over it

Firstpost  

Bringing the DC Universe to life in audio, signing a multi-year podcast deal with Avengers: Endgame directors’ production company AGBO**,** expanding Spotify SoundUp, and new interactive tools, are only a handful of the many other announcements Spotify made at the last night, furthering the company’s obsession with expanding podcasts. Batman Unburied, the new @DCComics podcast from David S. Goyer, steps …

Spotify to buy ad tech firm Megaphone to monetise podcasts
4 years, 1 month ago

Spotify to buy ad tech firm Megaphone to monetise podcasts

The Hindu  

Spotify has agreed to buy podcast advertising and publishing company Megaphone to provide publishers with the option to monetise their podcasts via the streaming platform. With the acquisition, the music-streaming platform aims to create targeted ads and make Spotify’s Streaming Ad Insertion available to third-party podcast publishers for the first time. “We look forward to Megaphone joining Spotify on our …

To compete with YouTube, Spotify now offers video podcasts
4 years, 5 months ago

To compete with YouTube, Spotify now offers video podcasts

LA Times  

Spotify, known as a music and podcast streaming service, is making a bigger leap into video. Seven podcasts available on Spotify, including “Higher Learning With Van Lathan & Rachel Lindsay,” “Fantasy Footballers” and “Book of Basketball 2.0,” will show footage of podcasters recording their programs. Spotify tested videos with the “Zane & Heath: Unfiltered” podcast in May and saw strong …

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