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entertainment

Spotify to Cut Podcast Staff, Cancel 10 Gimlet and Parcast Shows

By
Paris Martineau
· · Source: The Hollywood Reporter

In a sign that Spotify is cutting costs to deal with the slower economy, the audio giant is laying off 5% of its in-house podcasting staff and canceling 10 original podcasts produced by its studios Gimlet and Parcast. The news, first reported by The Hollywood Reporter, comes just three years after Spotify acquired Gimlet and Parcast as part of its $1 billion push into podcasting. Spotify hoped...

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