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Spotify announces layoffs, cuts 200 jobs in podcast division

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Music streaming giant Spotify Technology SA has revealed plans to lay off 200 workers in its podcast unit, marking the company’s second round of layoffs as it undergoes a business restructuring following years of substantial investment. 

This move affects approximately 2% of Spotify’s workforce and aligns the company with others such as Meta Platforms and Roku, both of which have also implemented job cuts in response to an uncertain economic climate.

In early trading, shares of the Sweden-based company rose about 0.5%, outperforming the overall market, which displayed muted activity. Spotify had previously made aggressive investments to establish its podcast business, aiming to attract more advertisers through the higher engagement levels offered by the format.

However, this expansion strategy resulted in a significant increase in operating expenditure, growing twice as fast as its revenue last year. The combination of rising interest rates and high inflation has compelled businesses to reduce spending on advertisements. 

Consequently, Spotify initiated a 6% reduction in its workforce earlier in 2023 and announced the departure of Dawn Ostroff, who played a pivotal role in shaping the podcast business and navigating through controversies, including the backlash surrounding Joe Rogan’s show for allegedly spreading misinformation about COVID-19.

Sahar Elhabashi, the head of the podcast business at Spotify, explained on Monday that the company has made the “difficult but necessary decision to make a strategic realignment.” Additionally, Spotify intends to merge its Parcast and Gimlet studios into a single division called Spotify Studios, which will focus on producing Spotify originals.

Elhabashi further elaborated that Spotify will adopt a tailored approach for each show and creator, moving away from the previously uniform approach. This shift in strategy aims to provide greater flexibility and customisation to meet the unique needs of individual content creators and their shows.

By implementing these measures, Spotify aims to streamline its operations and optimise resources to adapt to the evolving economic landscape. The company recognises the importance of addressing cost management and ensuring long-term sustainability while maintaining its position as a prominent player in the music streaming and podcast industry. 

The layoffs in the podcast division are part of the broader efforts to restructure the business and maintain a competitive edge in the face of ongoing challenges.

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Cybersecurity firm reports exposure of sensitive DeepSeek data on the internet.

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The New York-based cybersecurity firm Wiz has discovered a cache of sensitive data from the Chinese artificial intelligence business DeepSeek that was mistakenly exposed to the public internet.

In a blog post released on Wednesday, Wiz reported that examinations of DeepSeek’s infrastructure revealed that the company had inadvertently exposed over a million lines of unencrypted data. The materials were digital software keys and chat logs that seemingly documented prompts transmitted from consumers to the company’s complimentary AI assistant.

The chief technical officer of Wiz stated that DeepSeek promptly safeguarded the data following the notice from his organisation.

“It was removed in under an hour,” stated Ami Luttwak. “However, this was exceedingly easy to locate, leading us to believe we are not the sole discoverers.”

DeepSeek did not promptly respond to a request for comment.

DeepSeek’s rapid success after the introduction of its AI helper has exhilarated China and incited concern in America. The Chinese company’s evident capacity to rival OpenAI’s skills at a significantly reduced cost has raised concerns regarding the viability of the business models and profit margins of U.S. AI behemoths like Nvidia and Microsoft.

By Monday, it surpassed the U.S. competitor ChatGPT in downloads from Apple’s App Store, prompting a worldwide decline in technology stocks.

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WhatsApp launches bulk channel management functionality

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WhatsApp has initiated testing of a bulk channel administration feature on iOS for select beta users, enabling the simultaneous selection of many channels, hence enhancing the efficiency of managing following channels.

This essential update enables users to perform bulk activities, including muting many channels simultaneously, designating them as read, and altering notifications. If the chosen channels are muted, users will now have the option to activate notifications. Users can swiftly silence unmuted channels in one action.

Additionally, this feature enables users to unfollow many channels simultaneously, thereby optimizing the process of decluttering their channel list. This change is particularly beneficial for users that oversee numerous subscriptions, as reported by WABetaInfo.

Previously, users were required to manage each channel individually, rendering tasks such as muting or designating channels as read laborious and time-consuming.

The functionality provides enhanced flexibility and control over channel subscriptions, enabling users to efficiently manage notifications. The solution streamlines laborious operations for consumers who subscribe to numerous channels, hence enhancing their entire experience.

Accessibility
The bulk management feature is presently accessible exclusively to a limited number of beta testers who installed the latest WhatsApp beta for iOS using the TestFlight application. WhatsApp, owned by Meta, plans to expand the feature’s availability to a larger user base in the next weeks.

This update demonstrates WhatsApp’s dedication to enhancing user experience by offering a clear and efficient method for managing channels and notifications.

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Pakistani internet slowdown: ongoing submarine cable issue

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Even after two weeks, the global submarine cable AAA-1 problem that was discovered on January 2 near Qatar has not been fixed, causing sluggish internet connection in several Pakistani towns.

According to a representative for Pakistan Telecommunication Company Limited (PTCL), the issue has affected customers’ capacity to effectively access social media applications and browse the online. Even with initiatives to fix the problem, social networking sites still lag during busy times.

Internet traffic has been redirected via alternate channels to lessen the impact, and more capacity has been set up to stabilize the service.

The PTCL representative promised that “Internet service across the country is operating normally, and there will be no issues with web browsing,” noting that social media applications’ lag is common during

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