MediaSE

Spotify Layoffs

June 2023

Spotify announced a layoff affecting 200 employees (2% of its workforce) in June 2023. The company operates in the Media sector.

People Affected

200

Percentage

Announced Date

Jun 5, 2023

About

Spotify announced layoffs on Monday, cutting 200 employees which represents about 2% of its workforce. This reduction is part of a strategic pivot within its podcasting unit, shifting from a uniform approach to a more tailored partnership model to better support creators. The company, a major player in the audio streaming industry, has invested heavily in podcasting through acquisitions and high-profile deals in recent years. Affected employees will receive severance packages as the changes take effect.