Spotify is going to say goodbye 6% of the total workers. At the end of September, the company reported to the market a total of 9,800 employees — after all, this cut is equivalent to least 588 employees on the music streaming service.
“Like many other leaders, I hoped to weather the high winds of the pandemic and believed that our global business and the low-risk impact of an advertising slowdown would isolate us. In hindsight, I was too ambitious to invest before our income grew.“, says Daniel Ek, the CEO of the Swedish company, in a communication to employees, meanwhile made public by the company. “I take full responsibility for the actions that brought us here.”
Now, he says, the focus is on ensuring that “all employees are treated fairly when they leave the company.” Spotify anticipates that compensation-related costs may They range between 35 and 45 million euros.
The Swedish company had already communicated to the market last year that it was going to freeze hiring, a decision that will continue throughout this year. The technology sector has been going through a wave of layoffs since 2022: last week it was the turn of Alphabet, the owner of Google, to announce the departure of 12,000 people. Microsoft also announced the layoff of 10,000 people.
Google will lay off 12,000 people. Owner Alphabet’s CEO takes ‘full responsibility’
At this time, among the great technologies, Apple is the only one that escapes this scenario. Meta formalized the layoff of 11,000 people in 2022 and the electronic commerce giant Amazon will cut 18,000 jobs.
Amazon will lay off more than 18,000 people, more than it announced in November
Source: Observadora
