Spotify announced plans Monday to slash its headcount by 6% as part of a drive to boost efficiency at the world’s largest music streaming service.
Announcing what he called the ”difficult but necessary” decision in a blog post, CEO Daniel Ek said the challenging economic environment meant the company needed to cut costs, noting that growth in operational spending had been outpacing revenue growth 2-1.
With a workforce of about 10,000, the cuts will mean about 600 people will lose their jobs company-wide. Ek said affected employees would be informed today.
observation1 1 points 2.3 years ago
Hes the reason I subscribed