Spotify joins the long list of technology companies that have announced layoffs in recent weeks due to global economic instability.
Spotify had 9,800 workers worldwide at the end of 2022
The music streaming company, which at the end of 2022 had a total of 9,800 employees worldwide, has announced that it will cut 6% of its workforce, which means eliminating around 600 jobs worldwide.
The CEO of Spotify himself, Daniel Ek, has confirmed the layoffs in an internal note that he has sent to all the members of the company and in which he points out that, despite the tough decision, he hopes it will be the right one for the future. of the company “We have very ambitious goals and nothing changes around them,” the executive director of the company stated in the statement, which despite the recession continues to grow in the number of users.
In the note, Ek assures that, as has happened to other large technology and Internet companies, the excessive growth experienced in recent years has led them to make contracts that in the current context no longer make sense.
He also ensures that, focused on growth, they have not paid enough attention to efficiency, so it is time to reorganize their strategy in such a changing economic environment, in which it is necessary to control costs and make the right decisions very quick. “That is why I have decided to restructure our organization,” he acknowledges.
Employees who are fired by Spotify -which will affect all departments of the firm, but especially the commercial field- will receive, in compensation, five months’ salary, at least in the United States. The conditions with which workers based in other countries where the music streaming company is based will leave are unknown.
Spotify joins with these layoffs Google -which will also eliminate 6% of its jobs worldwide-, Microsoft, Facebook, Amazon, Twitter and other large technology companies in the process of reorganization.
