Prince Harry and Meghan have opted not to respond to reports that Spotify is planning to cut jobs after the podcast fails to turn a profit.
The streaming giant plans to cut 200 people from its podcast business in the second wave of layoffs this year, The Telegraph reported.
Spotify continues to be reeling from big bets on celebrity presenters like Prince Harry and Meghan Markle, according to the paper.
The newspaper reported that Spotify has spent billions of euros on podcasting in recent years, signing stars such as the Sussexes and Joe Rogan.
Her podcast series, The Duchess Archetype, has been struggling to find a following. After debuting at number one on Spotify’s new podcast last summer, it slipped to number 22 on the charts in November.
After reports surfaced of Spotify’s job cuts, multiple sources claim the company had no plans to renew the series and may have been canceled.
Meanwhile, Prince Harry and Meghan Markle have yet to comment on their podcast “Archetypes.”
In fact, the couple’s Archwell Foundation hasn’t shared any podcast updates or news about what’s been going on lately. The last news on the website was posted on his May 15th.
These websites have been rejected in some regions, apparently facing some kind of technical problem and demonstrating reluctance on the part of their operators.
Meanwhile, Archewell Audio’s page remains unchanged, with no mention of future podcasts with Spotify.
The page says:
“Archewell Audio is a newly formed audio-first production company launched by the Duke and Duchess of Sussex. Archewell Audio will produce programming that will uplift and entertain audiences around the world. Archewell Audio joins Spotify and its global reach.” — 180 million premium subscribers and 406 million monthly active users worldwide — to spotlight diverse perspectives and voices. As part of the partnership, the Duke and Duchess will produce podcasts and shows through Archewell Audio to build shared experiences, strong narratives and community. universal values. ”
