The layoffs represent about 2% of Spotify’s worldwide work force
said on Monday it would lay off 200 employees in its podcast division, representing about 2 per cent of the audio streamer’s worldwide work force.
The company has resorted to aggressive expansion to supplement its earnings from music streaming with other revenue-generating formats such as podcasts, spending more than $1-billion on them and adding popular names such as Joe Rogan to its roster. “We are expanding our partnership efforts with leading podcasters from across the globe with a tailored approach optimized for each show and creator,” Spotify said.
The company said in January it planned to cut 6 per cent of its staff and would take a related charge of up to $50-million.Checking box will enable automatic data updates.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Under control’: Wildfire in the Halifax area 100% contained, officials say | Globalnews.caThe province announced on Sunday that the fire in Tantallon, which destroyed about 200 buildings and caused thousands to evacuate, is now under control.
Read more »
Laid-off tech workers find stability in traditional industriesMany tech workers are looking for opportunities outside the industry, despite its reputation for high compensation, fast-paced projects and intense work culture
Read more »
Top staffer offered $300,000 to leave amid North Saanich turmoilThe departure comes amid ongoing turmoil over an official community plan that will lay out guidelines for if and how the largely rural district will develop
Read more »
‘Under control’: Wildfire in the Halifax area 100% contained, officials say | Globalnews.caThe province announced on Sunday that the fire in Tantallon, which destroyed about 200 buildings and caused thousands to evacuate, is now under control.
Read more »