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.
[ + ] bossman131
[ - ] bossman131 0 points 2.3 yearsJan 23, 2023 16:41:13 ago (+0/-0)
[ + ] SkullFuckerSupreme
[ - ] SkullFuckerSupreme 0 points 2.3 yearsJan 23, 2023 14:42:00 ago (+1/-1)
[ + ] observation1
[ - ] observation1 1 point 2.3 yearsJan 23, 2023 16:52:06 ago (+1/-0)
[ + ] yesiknow
[ - ] yesiknow 0 points 2.3 yearsJan 23, 2023 14:20:30 ago (+0/-0)
They wat tens of thousands of spoiled rotten brats making demand of authority outside themselves to fix it for them.