Swedish music streaming giant Spotify has shut down its podcast studio and laid off some members of the team, the media reported.
Studio 4, or Spotify Studios, had 10 to 15 employees and produced shows like 'Dissect' and 'Chapo: Kingpin on Trial'.
According to a report in The Verge, Spotify called affected employees and said their last day would be January 21.
"They'll receive two months' worth of severance. Some employees were reassigned while others were laid off and pointed to the Spotify job board. The studio's head, Gina Delvac, was also let go," the report said on Tuesday.
Spotify declined to comment on the report.
In an internal note, Julie McNamara, head of US studios and video, acknowledged the layoffs, according to the report.
She said that shutting the studio down would enable the company to "move faster and make more significant progress and facilitate more effective collaboration across our organisation."
The team rounded out Spotify's in-house studio offerings, including its three acquired networks: Parcast, Gimlet, and The Ringer, said the report.
The team's most recently produced programming are 'Nosy Neighbors', 'We Said What We Said,' and 'Dope Labs'.
(With inputs from IANS)
