2023-12-04 08:18:35
Published on Dec 4 2023 at 9:12Updated Dec 4 2023 at 9:18
“I understand that, for many, a reduction in force of this size will come as a surprise given our recent rather good results […] », admits Daniel Ek, CEO of the Spotify group. The world number one audio streaming platform will launch a reduction in its workforce by “around 17%” in order to reduce its costs in a context of a “spectacular” slowdown in economic growth, the Swedish boss announced this Monday morning.
“We have considered smaller cuts in 2024 and 2025. However, given the gap between our financial targets and our current operational costs, I have decided that substantial action is [la meilleure option […] “. specifies the general director in a message to the group’s employees.
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