Spotify Announces Layoffs, Leadership Moves

The texture-good of “Spotify Wrapped” was left in 2022. Spotify introduced at present, January 23, that it’s “decreasing our worker base by about 6% throughout the corporate” by an open letter from CEO Daniel Ek posted here. It’s brutal, however no less than Spotify didn’t compound the salt within the layoff wound by internet hosting a personal Sting efficiency like Microsoft reportedly did.

The prolonged observe from Ek moreover introduced that Chief Content material & Promoting Enterprise Officer Daybreak Ostroff “has determined to depart Spotify,” whereas Chief Product Officer Gustav Söderström and Chief Freemium Enterprise Officer Alex Norström shall be main their respective groups “as co-presidents, successfully serving to me run the corporate day-to-day.”

“Within the close to time period, Daybreak will assume the function of senior advisor to assist facilitate this transition,” Ek wrote. “Alex will tackle the accountability for the content material, promoting and licensing work going ahead and also you’ll hear extra from him on that.”

Ek defined that the roughly six p.c reduce in workforce is because of him being “too formidable in investing forward of our income development” and since he had “hoped to maintain the robust tailwinds from the pandemic and believed that our broad world enterprise and decrease danger to the impression of a slowdown in adverts would insulate us.”

Past Spotify and Microsoft, large firms like Amazon, Google guardian firm Alphabet, and Salesforce have additionally not too long ago announced layoffs.

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