How the Spotify layoffs impact its podcasting business
Another week, another round of layoffs. This time, it is Spotify. CEO Daniel Ek informed employees yesterday morning that the company would be cutting 6 percent of its workforce and said he took “full accountability for the moves that got us here today.” The most high-profile change is the departure of chief content and advertising officer Dawn Ostroff. And while no additional shows have been cut, advertising and business employees, particularly under Podsights and Chartable, were laid off nearly a year after Spotify acquired both companies.
Plus (and I am fully aware of how incongruous this is, apologies), we have some more announcements for Hot Pod Summit.
After years of podcast acquisitions, Spotify goes lean
Spotify built itself into...