Spotify Cuts 15 Jobs in Podcast Unit to Reduce Management Layers

Spotify has cut 15 jobs in its podcasting division, aiming to reduce management layers and accelerate decision-making. The layoffs are part of a broader effort to streamline operations and improve efficiency. Despite the job cuts, Spotify reported strong subscriber growth, with premium subscribers increasing 10% to 290 million in the fourth quarter. The company's revenue rose 7% to €4.53 billion.