Spotify to cut 6% of workforce, some 600 employees

Spotify to cut 6% of workforce, some 600 employees – CEO

By Agence France-Presse

Jan 23, 2023 9:19 pm

STOCKHOLM: Swedish music streaming giant Spotify said on Monday it was cutting six percent of its roughly 10,000 employees, the latest cost-cutting announcement among technology companies.

'In hindsight, I was too ambitious in investing ahead of our revenue growth. And for this reason, today, we are reducing our employee base by about six percent across the company,' Spotify chief executive Daniel Ek said on Spotify's official blog.

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