Workers at the company will no doubt be hoping that the latest cuts will be the last but there are no guarantees. Back in January, the company announced it was letting 6% of its workforce go and then in June it decided to trim another 2%. This round of layoffs from Spotify is the biggest this year but it is not the first. Spotify is not an exception to these realities.” Economic growth has slowed dramatically and capital has become more expensive. While we’ve made worthy strides, as I’ve shared many times, we still have work to do. “Over the last two years, we’ve put significant emphasis on building Spotify into a truly great and sustainable business – one designed to achieve our goal of being the world’s leading audio company and one that will consistently drive profitability and growth into the future. In an internal memo, Ek is noted as saying:
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