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Wednesday, June 12, 2024

Podcasting’s fallout continues

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Illustration by Kristen Radtke / The Verge; Getty Photos

The ache just isn’t over but for the podcast trade, with layoffs and cancellations persevering with to pile up. Amrita coated the WNYC layoffs yesterday, which, because of negotiations between administration and the union, weren’t as steep as initially anticipated (6 % laid off versus 12 % beforehand introduced). Final week, Pushkin laid off one other 30 % of employees in its third spherical of cuts this 12 months, with shakeups even focusing on its C-suite. And stay audio took one other hit on Wednesday, with Amazon shutting down Amp.

I’ve been speaking to folks from the enterprise aspect of podcasting about how the advert market has modified and why it’s hitting podcasts so exhausting, particularly when the financial system appears to really be doing… superb? As I wrote…

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