Swedish music platform Spotify announced this Monday the dismissal of 200 workers from its podcast division, which represents 2% of its workforceis the second round of job cuts so far this year.
The company reported that the second phase of its podcast strategy requires a “strategic readjustment” of the group to “maximize” consumption and help creators reach more audiences, according to a statement.
Spotify has become the most listened to podcast platform in the world and in the main publisher of this format in the United Stateswhere the company has half of its workforce.
This currently has more than 100 million podcast listenersaccording to data from the Swedish platform.
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Spotify had already announced at the end of January a 6% reduction in its staff, due to an increase in costs, as several technology companies have done in recent months, once the boom experienced during the coronavirus pandemic has passed.
the music platform lost 225 million euros in the first quarter due to higher personnel costs due to the increase in the workforceaccording to the balance presented in April.
Spotify It expects operating losses of 129 million euros and a turnover of 3,200 million for the second quarter of this year.
The company It counts on increasing its number of users to 530 million and that of paying subscribers to 217 million.
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