Spotify raised prices of its subscription plans earlier this year and has been expanding into podcasts and audio books.
Spotify cut 6% of its workforce, or about 600 employees, at the start of the year.
For the team that will remain at Spotify, I know this decision will be difficult for many.
Looking AheadThe decision to reduce our team size is a hard but crucial step towards forging a stronger, more efficient Spotify for the future.
As we've grown, we've moved too far away from this core principle of resourcefulness.
Persons:
Ek, we've, I've, we're, Katarina, Severance, We're, – Daniel
Organizations:
Spotify