TechCrunch

Everything you know about the podcast industry is a lie

Spotify laid off 17% of the company — its third round of layoffs this year — and canceled two highly acclaimed shows, including a winner of the Pulitzer Prize for audio reporting. It’s just that Spotify took a billion-dollar swing and whiffed, and now podcasters have to navigate the fallout. “Spotify has kind of set the terms of the quote-unquote ‘health’ of the podcasting industry based on their actions as a tech company,” said Eric Silver, co-founder and head of creative at Multitude, an independent podcast collective.