US EditionSpotify to reduce staff by 17% in second layoff this year
- Music streaming service Spotify is laying off 17% of its workforce, around 1,500 jobs, in an effort to reduce costs and adjust to a slowdown in growth.
- CEO Daniel Ek stated that the decision to downsize was necessary to align Spotify with its financial goals and acknowledged the difficulty and impact on the team.
- The company aims to build a stronger Spotify for the future and become more efficient after investing significantly in team expansion and content enhancement.
216 Articles
216 Articles
Spotify cuts 17% of workforce in third round of layoffs this year
Spotify says it's axing 17% of its global workforce, the music streaming service's third round of layoffs this year as it moves to slash costs while focusing on becoming profitable. In a message to employees posted on the company's blog Monday, CEO Daniel Ek said the jobs were being cut…
Spotify axes 17% of workforce in third round of layoffs this year
LONDON (AP) — Spotify says it's axing 17% of its global workforce, the music streaming service's third round of layoffs this year as it moves to slash costs while focusing on becoming profitable. In a message to employees posted on the company's blog Monday, CEO Daniel Ek said the jobs were being cut as part of a “strategic reorientation.” The post didn't specify how many employees would lose their jobs, but a spokesperson confirmed that it amou…
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