Spotify joins the list of technology companies announcing layoffs. In the case of the streaming service, this affects 6% of its workforce, or about 600 people. Dawn Ostroff, head of content and ads, who has been instrumental in building the platform’s podcast business, is also leaving the company.
Spotify’s turn to say goodbye to the world
In a memo sent to staff, Daniel Ek, head of Spotify, advertisement that the company took “the difficult but necessary decision to reduce the number of our employees.” He said individual discussions will take place gradually with interested employees. “And while I believe this decision is the right one for Spotify, I understand that given the historical importance we place on growth, many of you will see this as a change in our culture. But as we evolve and grow as a company, the way we work must also evolve while staying true to our core values.”, justifies the manager. add take “full responsibility for the actions that have brought us here today”.
The company will pay an average of 5 months of severance to employees, as well as paid and unused vacation, medical care during the severance period, immigration assistance, and professional assistance. The majority of Spotify employees are located in the United States, followed by Sweden and the United Kingdom.
Like other tech companies, the service has grown rapidly in the past two years, especially in the area of podcasts. Spotify has spent more than a billion dollars in podcast networks, hosting services and programs. Much of that effort was spearheaded by content manager Dawn Ostroff, who increased podcast content 40-fold, according to Daniel Ek.
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