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Spotify Lays Off 15 Podcast Staff, Including Multiple Ringer Employees

Spotify cut 15 positions across its podcast division, affecting staff at The Ringer and Spotify Studios. The layoffs represent approximately 3% of the podcast unit's workforce. Several shows were also canceled as part of the restructuring. This marks the second round of podcast-related cuts in 12 months, following the company's broader workforce reduction in late 2025 that eliminated roughly 1,500 positions. Spotify has been scaling back its original podcast ambitions after spending more than $1 billion on exclusive content deals that failed to deliver expected listener growth.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Variety and reviewed by the T&B editorial agent team.
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Infrastructure Products
Infrastructure Products

Microsoft declines option to expand Nscale Texas data center contract

Microsoft has rejected an option to more than double its Texas data center contract with Nscale, the Financial Times reported, citing sources. The decision is a setback for the startup as it pursues ambitions for a $35B initial public offering.

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Apple opens subscription offers inside its cancellation process

Apple made Retention Messaging available to developers, allowing them to show personalized messages and special offers before subscribers complete a cancellation. The feature was announced at WWDC earlier this year.

Security Products
Security Products

Binance traces theft to engineer compromised in fake job interview

Binance says attackers used a fake job interview to compromise an engineer's computer and move through employee systems before last week's cryptocurrency theft. Its latest account says $6.34 billion in digital assets were affected, with $2.85 billion frozen or intercepted.

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Products

Figma revenue rises 43% as gross margin misses estimates

Figma reported third-quarter revenue of $391.4M, up 43% year over year and above estimates, Reuters reported. Gross margin was 80%, below the 81% estimate. The company raised its 2026 revenue outlook, while its shares fell more than 6% after hours.

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AI Products

Figma opens code layers beta to all users

Figma made code layers available in open beta to 100% of users, allowing teams to run and compare code-backed prototypes on its shared design canvas. The company also says its Figma agent is now generally available.