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Sahar Elhabashi - 3 Elhabashi - 3 Meghan - 1 Duchess of Sussex - 1 Joe Rogan - 1 Dawn Ostroff - 1 Joe Rogan's - 1 Tiyashi Datta - 1
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Spotify - 3 Gimlet Media - 1 SEC - 1 Spotify Technology SA - 1 Spotify Studios - 1 Thomson - 1

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3 mentions found


☆ Spotify to Lay Off 200 Employees in Podcast Strategy Shift
  + stars: | 2023-06-06 | by ( Amanda Holpuch | ) www.nytimes.com   time to read: +1 min
Spotify, the audio streaming platform, said on Monday that it planned to lay off about 200 people, including workers at the popular podcast studios Gimlet Media and Parcast. The 2 percent cut to the company’s work force is part of a “strategic realignment” of the podcast division, Sahar Elhabashi, the head of podcasts at Spotify, said in a memo to Spotify employees on Monday. Since early 2019, the number of podcast shows on Spotify has grown to more than five million from about 200,000, Ms. Elhabashi said in a revised version of the memo that Spotify posted on its website. That period was a boom era for the podcasting industry, with media companies making large investments to expand their offerings. This flurry of spending has cooled in the last year, with companies cutting podcast jobs and curbing budgets.
Persons: Sahar Elhabashi, Elhabashi Organizations: Spotify, Gimlet Media Locations: Stockholm
☆ Spotify lays off 200 employees, or about 2% of its workforce
  + stars: | 2023-06-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
Spotify announced Monday it's laying off roughly 200 employees, or about 2% of its-person workforce, as part of an effort to change how the streaming company handles its partnership with "leading podcasters from across the globe." Spotify's global workforce was 8,359 people in 2020, according to an SEC filing, with 4,332 of those employees in the United States. The cuts were announced by Sahar Elhabashi, vice president at Spotify, in a memo to employees. Spotify has spent heavily to expand its podcast unit in the last three years. Since 2020, Spotify spent 493 million euros ($526 million), on four different acquisitions in the podcast space, according to an SEC filing.
Persons: Sahar Elhabashi, Elhabashi, Meghan, Duchess of Sussex, Joe Rogan Organizations: Spotify, SEC Locations: United States
☆ Spotify to lay off 200 workers in podcast division
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +2 min
June 5 (Reuters) - Spotify Technology SA (SPOT.N) 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. Spotify had spent aggressively to build up its podcast business in recent years, hoping the higher engagement levels offered by the format will bring in more advertisers. In response, Spotify cut 6% of its workforce earlier in 2023 and announced the departure of Dawn Ostroff, who helped shape its podcast business and guided it through controversies such as the backlash around Joe Rogan's show for allegedly spreading misinformation about COVID-19. Sahar Elhabashi, who heads the podcast business, said on Monday that the company has "made the difficult but necessary decision to make a strategic realignment." Spotify also said it will merge its Parcast and Gimlet studios into a single Spotify Studios division, which will produce Spotify originals.
Persons: Dawn Ostroff, Joe Rogan's, Sahar Elhabashi, Elhabashi, Tiyashi Datta, Vinay Dwivedi, Shweta Agarwal Organizations: Spotify Technology SA, Spotify, Spotify Studios, Thomson Locations: Sweden, Bengaluru
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