Swedish music streaming giant Spotify has shut down its podcast studio and fired some of the team, media reported.
Studio 4, or Spotify Studios, had 10 to 15 employees and produced shows like “Dissect” and “Chapo: Kingpin on Trial”.
According to a report in The edge, Spotify called the affected employees and told them that their last day would be January 21.
“They will receive two months of severance pay. Some employees have been reassigned while others have been made redundant and singled out on the Spotify job site. Studio director Gina Delvac has also been fired.” , the report said on Tuesday.
Spotify declined to comment on the report.
In an internal memo, Julie McNamara, head of studios and video in the United States, admitted the layoffs, according to the report.
She said closing the studio would allow the company “to move faster, make greater progress and facilitate more effective collaboration within our organization.”
The team completed Spotify’s internal studio offerings, including its three acquired networks: Parcast, Gimlet and The Ringer, according to the report.
The most recent programs produced by the team are “Nosy Neighbors”, “We Said What We Said” and “Dope Labs”.
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