Spotify has been growing in the podcast market recently, and has been acquiring and building its podcast platform. However, now, it has bad news for some of its employees.
Spotify's Studio 4 is now shutting down for unknown reasons
Some of the employees working at Studio 4 have been reassigned to other positions, while some unfortunate ones were laid off with the option to apply for another job at the company. So far, Spotify hasn't given a reason as to why it is closing Studio 4, but a reported internal note stated this was done to help the company progress faster.
For the moment, it is unclear what will happen to the Spotify shows that were produced at Studio 4, but not all of them may be abandoned. For example, Dissect Podcast will not be canceled and will continue as usual on Spotify, according to the show's official Twitter account.