Photo Credit: Spotify Amid an aggressive push for podcasting profitability, Spotify has announced yet another round of layoffs – affecting about 200 individuals working in and around its “global podcast vertical.” The Stockholm-headquartered platform unveiled […]
SoundCloud has announced another round of layoffs, with plans to let go of 8% of the company’s workforce, Variety reports. The news arrives less than a year after SoundCloud’s sizable reduction in staff by roughly […]
Eliah Seton, who’s announced another round of SoundCloud layoffs, which are expected to impact about eight percent of the company. Photo Credit: SoundCloud About 10 months after axing roughly one-fifth of its global workforce – […]
EXCLUSIVE: As Disney cuts 4K staffers across the conglomerate in a goal to reach $5.5 billion in savings, Deadline has learned that on the feature side, those being laid off were largely comprised of mid-level […]
Photo Credit: Downtown Music Holdings Following a series of layoffs and shakeups, Downtown Music Holdings appears to be undergoing another re-organization. Downtown announced the layoffs in March 2023, with impacted people working in publishing roles, […]
Photo Credit: Turag Photography Microsoft is shutting down its metaverse unit comprising 100 employees amidst broader layoffs. Microsoft has internally announced disbanding its Industrial Metaverse Core group, a division comprising around 100 employees focused on bringing the […]
Photo Credit: Travis Gergen Disney is exiting the metaverse entirely — and laying off around 50 employees from its metaverse division. The move comes as the Walt Disney Co. announced a round of layoffs impacting […]
Photo Credit: ilgmyzin Twitch has announced layoffs impacting around 400 people as part of Amazon’s broader layoffs. Details on other Amazon divisions, including Amazon Music, remain scant. Twitch CEO Emmett Shear stepped down from his […]
Downtown Music has reportedly triggered another round of layoffs amid a broader effort to reduce spending. Photo Credit: Adolfo Félix A little over five months after nearly 30 CD Baby and Soundrop team members were […]
Photo Credit: Roman Martyniuk Meta has announced an additional round of 10,000 layoffs and a pivot away from NFTs. CEO Mark Zuckerberg wrote the move is one to streamline the company in terms of efficiency. […]
“Stay calm.” That’s what Greg Becker, chief executive of Silicon Valley Bank, told clients Thursday morning on a conference call, hastily convened to assure them the Santa Clara institution was confident it would weather a […]
Salesforce, the cloud-based software company co-founded and led by chief executive Marc Benioff, is in something of a mixed news cycle at the moment. On the one hand, the company just recently laid off around […]
Photo Credit: Motown Records Layoffs begin at Motown Records as the label changes course to return to the fold of Capitol Music Group. Motown Records has had a rough year. After the exit of CEO […]
Photo Credit: Thibault Penin ValueAct Capital Management has officially invested in Spotify (NYSE: SPOT) as the Stockholm-based company looks to rein in costs and achieve profitability. 23-year-old ValueAct Capital’s CEO, Mason Morfit, unveiled his firm’s […]
Illustration by Alex Castro / The Verge Pinterest is reportedly laying off around 150 people after it already cut jobs in December, according to Bloomberg. Bloomberg’s report says that’s less than five percent of Pinterest’s […]
The per-share price of Spotify stock (NYSE: SPOT) has rebounded past $100 for the first time since September, after the Stockholm-based company announced plans to trim its workforce by about six percent. When the market […]
Photo Credit: James Yarema As the economy slows and consumers ease spending, the music industry has seen a massive reversal in the tech sector hiring spree that surged during the pandemic. Here’s what to know. […]
Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more. While we should never minimize the difficulties of people facing an unexpected layoff, these announcements by […]
Photo Credit: SiriusXM Despite posting a small year-over-year revenue increase and net income of $247 million during Q3, SiriusXM (NASDAQ: SIRI) is reportedly preparing to reduce the size of its roughly 5,600-person team. The satellite […]
Photo Credit: Thibault Penin One month after commencing another round of podcasting-focused layoffs, this time within Parcast and Gimlet, Spotify has axed additional personnel yet. The streaming giant’s latest staff cutbacks came to light in […]