spotify participated in the worst possible fashion in the industry. The world of technology is constantly changing, thanks in part to the development of updates and the relentless speed at which everything is transformed. However, there is a business flow that has started to spread recently, there is an application that directly affects the sector and especially those involved in the sector.
Spotify’s corporate restructuring
After learning just a few days ago Google would instantly lay off more than five percent of its workforce and withering, now Spotify’s plans have come to light. If we take into account how much twitter What Aim They’ve been doing this for several months… This is one of those tech companies that has been hit by recession, inflation, political unrest and economic crisis.
As reported by the company’s CEO, Daniel EKSpotify is also laying off six percent of its workforce. The aim of the company is nothing but restructuring the company, reducing costs and being more efficient in managing the services they offer. We don’t know if this will affect subscription prices or if there will be other large-scale changes, but that’s the current situation.
The managers themselves took the blame for what happened. This is common in tech companies. CEOs often use the following chart:
- bad decisions
- mismanagement
- Options that don’t go well
- hasty actions
- bad advice
Regardless, the situation affected several hundred workers.
How many people were fired from the company?
Considering Spotify has about 10,000 employees on the payroll and its workforce is down by six percent… This means that around 600 workers lost their jobs.. However, the dismissal was not instantaneous and Daniel EK himself explained what his next steps would be:
- Private conversations with affected people
- compensation agreement
- Six months severance pay
- health insurance payment
As we said, we do not know whether it affects users in terms of experience while consuming Spotify services. Probably not. But we are waiting for more news.
Source: Cincodias Elpais
