Spotify To Lay Off Hundreds As Big Tech Aggressively Downsizes

Spotify To Lay Off Hundreds As Big Tech Aggressively Downsizes


Spotify revealed plans to cut headcount by 6% due to macroeconomic turmoil following similar moves from other prominent technology firms.

Spotify CEO Daniel Ek informed staff members in a Monday note that the music and audio platform would reduce headcount to streamline operations. The announcement implies that 600 of the company’s 9,800 employees will lose their positions.

“While we have made great progress in improving speed in the last few years, we haven’t focused as much on improving efficiency. We still spend far too much time syncing on slightly different strategies, which slows us down,” Ek wrote. “And in a challenging economic environment, efficiency takes on greater importance. So, in an effort to drive more efficiency, control costs, and speed up decision-making, I have decided to restructure

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