CEO Daniel Ek says Spotify was ‘more productive but less efficient’ in 2022 and 2023.
Spotify is reducing its employee headcount by approximately 17%. The company had 9,241 full-time employees at the end of Q3, so these job cuts will affect about 1,500 people.
Spotify was « more productive but less efficient » in 2022 and 2023, CEO Daniel Ek wrote in a company-wide memo. Spotify considered smaller layoffs over 2024 and 2025, he said, but ultimately decided on a larger round of job cuts given « the gap between our financial goal state and our current operational cost.
