If there were tremors after Spotify announced its biggest-ever cull of workers this week, they’re unlikely to have reached the company’s boardroom.
The music streaming giant announced a shock round of layoffs Monday that it said would affect 17% of the group’s nearly 9,000 employees. Driven by the insatiable tech euphemism of efficiency, cofounder and CEO Daniel Ek warned his staff to stop doing “work around the work” as it aims to capitalize on its first profitable quarter since 2021.
