Spotify is laying off six percent of its global workforce, CEO announces
Spotify will lay off 6 percent of its workforce globally, the company’s CEO Daniel Ek announced in an all-staff memo today. Spotify had just over 9,800 full time employees as of its last earnings report, meaning today’s layoffs affect a little under 600 staff. Dawn Ostroff, head of content and ads who has been instrumental in growing Spotify’s podcasting business, is also leaving the company.
The layoffs make Spotify the latest tech company to cut its workforce in the midst of a global economic downturn. Google announced plans to cut around 12,000 jobs just last week, following similar layoffs at Amazon, Microsoft, and Meta.
Ek announced the layoffs as part of an organizational restructure, which is aimed at increasing efficiency,...