It has been announced that Spotify will further reduce its workforce, with about 2% of its

Employees Being Laid Off. According to a publicly posted internal memo from Spotify's podcast business head,

Roughly 200 Employees Will Be Laid Off From The Audio Streaming Giant's Podcast Division And "Other

Functions." It Was Announced On Monday That They Would Be Laid Off. According to Sahar Elhabashi, Spotify's

Head Of Podcasts, The Layoffs Were A Result Of A Change In Its Approach To The Podcast Business.

In regards to the headcount reductions, Elhabashi wrote, "We strive to ensure that every step in

The Process Is Handled With The Utmost Empathy And Respect." In Addition To Providing

Generous Severance Packages, The Company Will Provide Immediate Access To Outplacement

Support And Extended Healthcare Coverage To These Individuals. As of 2022, Spotify was employing 8,359 full

Time Employees On Average, According To Its Most Recent Annual Report. There has been a

Reduction Of 600 From The Company's Overall Headcount, A Figure Of Around 9,800 Reported

Earlier In The Year. As Part Of Its Efforts To "Improve Efficiency, Control Costs, And Speed

Up Decision-Making," Spotify Had Said That It Was Taking These Actions.