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Spotify Announces Workforce Reduction of 'Approximately 17%'

2023-12-04T08:18:06.571Z

Highlights: Spotify Announces Workforce Reduction of 'Approximately 17%' In January 2023, the leading music streaming platform had already resorted to a redundancy plan that affected 6% of its workforce, i.e. 600 jobs. Spotify, the world's largest audio platform, said on Monday it would cut its workforce by "around 17%" to cut costs amid a "dramatic" slowdown in economic growth.«To align Spotify with our future goals and ensure we are right-sized for the challenges ahead, I have made the difficult decision to reduce our total headcount by approximately 17% across the company," Chief Executive Daniel Ek wrote in a letter to the group's employees.


In January 2023, the leading music streaming platform had already resorted to a redundancy plan that affected 6% of its workforce, i.e. 600 jobs.


Spotify, the world's largest audio platform, said on Monday it would cut its workforce by "around 17%" to cut costs amid a "dramatic" slowdown in economic growth.

«

To align Spotify with our future goals and ensure we are right-sized for the challenges ahead, I have made the difficult decision to reduce our total headcount by approximately 17% across the company," Chief Executive Daniel Ek wrote in a letter to the group's employees.

More information to come...

Source: lefigaro

All news articles on 2023-12-04

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