Spotify cuts 1,500 employees

[Hanno Labuschagne]

Spotify cuts 1,500 employees

Spotify Technology SA is reducing its workforce by 17% in the company’s steepest cuts this year, part of an aggressive effort to shrink costs and drive profitability.

Employees affected by the layoffs will be notified on Monday, the music streaming company said in a statement.

[Bloomberg]

 

[FiestaST]

Press release on the Organizational Changes.

An Update on December 2023 Organizational Changes — Spotify

Earlier today, CEO Daniel Ek shared the following note about the company’s organizational changes with all Spotify employees. Team, Over the last two years, we’ve put significant emphasis on building Spotify into a truly great and sustainable business – one designed to achieve our goal of being...

newsroom.spotify.com

 

[KleinBoontjie]

Maybe they'll pay the artist better now, from the savings......lol

 

[LCBXX]

Hopefully those within the transformation/diversity/inclusivity departments.

 

[backstreetboy]

All replaced by AI?

 

[Jet-Fighter7700]

All replaced by AI?

 

[KleinBoontjie]

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[supersunbird]

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♪ Bad to the metal bone ♪

♪ Shot in the nuclear power cell and you're to blame ♪