Spotify might be treating its podcast push. The streaming service is cutting 11 original podcasts from its Gimlet and Parcast studios, including How to Save a Planet, Crimes of Passion and (in the second quarter of 2023) Horoscope Today. The cancellations will likewise include layoffs of “less than” 5% of Spotify’s podcast team, for certain workers moving to other podcasts.
The organization said it doesn’t comment on representative changes. The shakeup has likewise seen Spotify allot new managing directors for both Gimlet and Parcast, the source said. Spotify Studios and The Ringer stay untouched.
This is the first time Spotify has axed multiple podcasts simultaneously. While the detailed insider didn’t have the foggiest idea about the specific thinking behind the move, it’s thought that the service is dropping failing to meet expectations shows to assist it with focusing on full-fledged exclusives, going from existing hits like Batman Unburied through to upcoming projects.
A pruning exertion like this isn’t surprising, if true. Spotify has more than 500 original and exclusive podcasts, and they’re not all guaranteed to build strong audiences. The system couldn’t assist Spotify with working on its focus, yet cut costs when numerous tech organizations are either easing back fresh recruits or laying off staff in large numbers.