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 ...

When Spotify initiated its largest-ever round of layoffs last December, CEO Daniel Ek heralded a shift towards greater efficiency for the streaming behemoth. However, replacing 1,500 employees ...

Bill Simmons will remain as head of talk strategy at Spotify after reupping his contract there.

Spotify on Monday announced plans to lay off around 6% of its global workforce in an effort to reduce costs and improve efficiency. CEO Daniel Ek said in a blog post that the company had made a ...

Spotify has released its annual Loud & Clear report, detailing information about the music streaming service's royalty ...

Spotify is not an exception to these realities.” This round of layoffs from Spotify is the biggest this year but it is not the first. Back in January, the company announced it was letting 6% of ...

When Spotify shares fell to an all-time low of $69.29 on Nov. 4, 2022, its roughly $13.3 billion market cap was less than a third of UMG’s $40.9 billion. But layoffs and price increases ...

Spotify’s stock jumped by 7.5% after its layoff announcement in December and is up 30% so far in 2024. And while a lot of the layoff talk is concentrated in tech, investors were also quite ...

Layoffs and price increases in 2023 did wonders for Spotify’s financial statements. Headcount was reduced by about 25%, eliminating the bloat gained during a pandemic-era hiring spree that ...