Spotify CEO says layoffs brought 'more' disruption than expected but were 'right strategic decision'

Spotify CEO says layoffs brought ‘more’ disruption than expected but were ‘right strategic decision’

April 25, 2024

in Fintech

Reading Time: 3 mins read

Spotify CEO Daniel Ek on Tuesday acknowledged that layoffs the audio streaming giant implemented in December affected production in the company’s first quarter.

Ek described the job cuts on Spotify’s earnings call as a “significant challenge” that the Sweden-based company conte

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Spotify CEO says layoffs brought ‘more’ disruption than expected but were ‘right strategic decision’

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