Spotify is laying off about 1,500 employees, i.e., 17% of its workforce. Additionally, Bloomberg reported that the Stockholm-based audio streamer has also axed two of its critically acclaimed in-house podcasts, Heavyweight and Stolen. Tune in to today’s episode to find out why Spotify is on a cost-cutting spree.
In other news, the legacy of Bobi the dog, whom Guinness World Records declared the oldest dog ever, is in question. Was he really 31 years old?
The Signal Daily is produced in association with IVM.
The episode was researched and written by Dhruv Sharma and Anup Semwal
Edited by Venkat Ananth
Produced by Manaswini
Mastered and mixed by Manas and Nirvaan
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Spotify Wants to Be Lean and Mean