CEO Daniel Ek has announced organizational changes at Spotify, revealing a reduction of approximately 17% in the company’s total headcount. Ek acknowledges that this decision will impact many individuals who have made valuable contributions, but believes it is necessary to align Spotify with its future goals. He stresses the need for Spotify to become more efficient and productive, with a focus on delivering for key stakeholders. Impacted employees will receive severance pay, continued healthcare coverage, immigration support if necessary, and career support. Ek emphasizes the importance of resourcefulness and a leaner structure in Spotify’s operations, making strategic investments for continued profitability and innovation.
https://newsroom.spotify.com/2023-12-04/an-update-on-december-2023-organizational-changes/