Spotify Reshuffles Podcast Organization Following Layoffs

Hello, and welcome back to Soundbite. It’s another bleak week in the media and audio worlds, so we’ll be talking about Spotify’s big layoff news and then pivoting to a more cheerful story. As always, if you haven’t yet subscribed to this newsletter, please do so here. Have a tip to share, thoughts or feedback? You can reach me through email.

Spotify’s news this week that it would lay off around 600 people, or 6% of its workforce, came as a surprise to many. But for industry watchers, the signs of a pullback, at least in podcasting, were everywhere.