1,500 Spotify employees laid off in December, causing significant operational disruption.
Spotify CEO Daniel Ek admitted that laying off 1,500 employees, which amounted to 17% of the workforce, in December had disrupted the company's day-to-day operations. Although the company eventually managed to stabilize, Ek acknowledged that the impact was more significant than anticipated. The layoffs occurred as part of an effort to improve profits and manage resources more efficiently.
April 23, 2024
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