Spotify Podcast Division Restructuring Cuts 15 Employees—Bloomberg Reports

LootboxPhobia · 2026-03-24T02:53:26+00:00

Spotify laid off 15 people, representing 3% of its podcast team, as part of a company restructuring aimed at improving decision-making speed. The layoffs also included the cancellation of The Ringer sports show "New York, New York with John Jastremski." The company has adjusted its podcast strategy multiple times since entering the space in 2019.

LootboxPhobia

2026-03-24 02:53:26

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Investing.com - Spotify Technology SA (NYSE: SPOT) laid off 15 employees, about 3% of its podcast team. This move is part of the company’s restructuring to reduce management layers and speed up decision-making.

According to Bloomberg, citing sources, as part of the layoffs, the sports program “New York, New York with John Jastremski” on Ringer will be canceled.

Since entering the podcast space in 2019, this Swedish streaming giant has repeatedly reevaluated its strategy. The company initially made podcasts exclusive to its platform, then later opened them more broadly.

The company acquired studios like Gimlet Media and Parcast, then carried out layoffs and integrated them into Spotify Studios.

This restructuring affects only a small part of Spotify’s podcast business, as the company continues to adjust its strategy in the audio content market.

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