Spotify announces employee layoffs amid organizational restructuring #GeekLeap

What you want to know

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

Firms have been asserting main layoffs left and proper as an indication that financial struggles aren’t bettering. The newest to chop its workforce is Spotify, which introduced this week that it’s decreasing 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 strikes that received us right here at the moment,” stating he was “too bold in investing forward of our income progress.”

#Spotify #broadcasts #worker #layoffs #organizational #restructuring
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