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HomeTechnologyMobileSpotify announces employee layoffs amid organizational restructuring

Spotify announces employee layoffs amid organizational restructuring

What it is advisable know

  • Spotify CEO Daniel Ek has introduced that the corporate is shedding numerous staff.
  • Spotify is chopping its worker base by about 6%, which quantities to roughly 600 folks.
  • Ek explains that Spotify must develop into extra environment friendly as he particulars organizational restructuring.

Companies have been saying main layoffs left and proper as an indication that financial struggles aren’t enhancing. The newest to chop its workforce is Spotify, which introduced this week that it’s lowering its worker base by roughly 6%.

Spotify CEO, Daniel Ek, writes in a memo on the corporate’s web site that Spotify must develop into extra environment friendly as its present pacing has confirmed unsustainable within the present financial local weather. Ek says he takes “full accountability for the moves that got us here today,” stating he was “too ambitious in investing ahead of our revenue growth.”

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