Spotify cuts 6% of its workforce — read the memo CEO Daniel Ek sent to staff
Publishing timestamp: 2023-01-23 19:31:41
Summary
Spotify announced plans to lay off 6% of its global workforce, or about 600 employees, due to a challenging economic environment. The company will offer severance pay, healthcare coverage, and immigration support to affected employees. The CEO has taken full accountability for the decision and is looking to the future with ambitious goals.
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Tickers: MSFT, AMZN, GOOGL, SPOT,
Keywords: spotify technology sa, economy, layoffs, advertising, amazon.com inc, podcasting, technology, alphabet class a, jobs, united states, daniel ek, media, business news, internet, microsoft corp,