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Top related persons:
Gustav Söderström - 2 — - 1 Sam Smith - 1 Charli XCX - 1 Gunna - 1 Daniel Ek - 1 Ek - 1 Daniel Ek Dave Benett - 1
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☆ Spotify employees question lavish spending on events while the company lays off thousands
  + stars: | 2024-04-10 | by ( Jyoti Mann | ) www.businessinsider.com   time to read: +9 min
Some employees criticize lavish spending on events, while Spotify is trying to cut costs. Some employees think Spotify is spending too much on parties and events, especially when the company is laying off thousands of people and looking to cut more costs. However, these employees said event spending has gone too far, given the company's broader efforts at frugality. One former employee described it as the company "spending tons of money flying people to Sweden to drink the Kool-Aid." Noam Galai/Getty ImagesSome of this lavish event spending is focused on solving a problem that's loomed over Spotify for years.
Persons: —, Sam Smith, Charli XCX, Gunna, Daniel Ek, Ek, Daniel Ek Dave Benett, Diplo, Spotifest, Melanie Stetson Freeman, it's, Alicia Keys, Noam Galai, Gustav Söderström Organizations: Spotify, Service, Ikea, Business, Brooklyn, Spotifest, Christian Science, Getty, company's, Apple, YouTube Locations: Drumsheds, Houston, Stockholm, New York, Sweden, New York City, York
☆ Spotify to use Google's AI to tailor podcasts, audiobooks recommendations
  + stars: | 2023-11-16 | by ( Supantha Mukherjee | Thomson Reuters | Supantha Leads The European Technology | ) www.reuters.com   time to read: +2 min
A logo of Spotify is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 20, 2023. Spotify has been an early adopter of AI, which it used for music recommendation algorithms a decade earlier. The Swedish company is now aiming to use LLMs to replicate that across its non-music content such as podcasts and audiobooks. The music streaming giant has been looking to boost its earnings by increasing its slate of revenue-generating formats such as podcasts and audiobooks. With the expanded Google partnership, Spotify is also exploring the use of LLMs to provide a safer listening experience and identify potentially harmful content.
Persons: Eric Gaillard, Google Bard, Gustav Söderström, Supantha Mukherjee, Savio D'Souza Organizations: Spotify, Cannes Lions International, Creativity, REUTERS, Rights, Google, Thomson Locations: Cannes, France, Rights STOCKHOLM, Swedish, Stockholm
☆ Spotify to trim 6% of workforce in latest tech layoffs
  + stars: | 2023-01-23 | by ( ) www.reuters.com   time to read: +2 min
Jan 23 (Reuters) - Spotify Technology SA (SPOT.N) said on Monday it plans to cut 6% of its workforce and would take a related charge of up to nearly $50 million, adding to the massive layoffs in the technology sector in preparation for a possible recession. The tech industry is facing a demand downturn after two years of pandemic-powered growth during which it had hired aggressively. "I was too ambitious in investing ahead of our revenue growth," he added, echoing a sentiment voiced by other tech bosses in recent months. Reuters GraphicsSmall figurines are seen in front of displayed Spotify logo in this illustration taken February 11, 2022. Ostroff helped shape Spotify's podcast business and guided it through backlash around Joe Rogan's show for allegedly spreading misinformation about COVID-19.
☆ Spotify to cut 6% of jobs; content head to depart
  + stars: | 2023-01-23 | by ( ) www.nbcnews.com   time to read: +2 min
The tech industry is facing a demand downturn after two years of pandemic-powered growth during which it had hired aggressively. “I was too ambitious in investing ahead of our revenue growth,” he added, echoing a sentiment voiced by other tech bosses in recent months. It said Dawn Ostroff, the head of content and advertising, was leaving after an over four-year stint at the company. Ostroff helped shape Spotify’s podcast business and guided it through backlash around Joe Rogan’s show for allegedly spreading misinformation about Covid-19. The company said it is appointing Alex Norström, head of the freemium business, and research and development boss Gustav Söderström as co-presidents.
☆ Spotify to cut 6% of jobs, content head to depart
  + stars: | 2023-01-23 | by ( ) www.reuters.com   time to read: +2 min
That has led firms from Meta Platforms Inc (META.O) to Microsoft Corp (MSFT.O) to shed thousands of jobs. "I was too ambitious in investing ahead of our revenue growth," he added, echoing a sentiment voiced by other tech bosses in recent months. It said Dawn Ostroff, the head of content and advertising, was leaving after an over four-year stint at the company. Ostroff helped shape Spotify's podcast business and guided it through backlash around Joe Rogan's show for allegedly spreading misinformation about COVID-19. The company said it is appointing Alex Norström, head of the freemium business, and research and development boss Gustav Söderström as co-presidents.
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