Business

Spotify Cancels Two Acclaimed Podcasts: ‘Heavyweight’ and ‘Stolen’

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Spotify, the audio streaming platform, said on Tuesday that it would not renew its contracts for two critically acclaimed podcasts, “Heavyweight” and “Stolen,” the latest sign of the company curbing its podcasting ambitions as it struggles to become consistently profitable. The shows, which are produced by Gimlet Media, the podcast studio Spotify acquired in 2019, …

Business

Spotify to Cut 1,500 Jobs in Third Round of Layoffs this Year

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Spotify said on Monday that it would cut nearly a fifth of its work force, at least the third round of layoffs this year, as it has struggled to become consistently profitable after spending aggressively to expand beyond music streaming into areas such as podcasting. Spotify’s chief executive officer, Daniel Ek, wrote in a note …