Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Technology
Dan Milmo Global technology editor

Spotify to cut 600 jobs after CEO admits to expanding too quickly

Daniel Ek, CEO of Swedish music streaming service Spotify,
In a blogpost to staff, Daniel Ek said Spotify had been ‘too ambitious’, adding that operating expenditure grew at twice the speed of its revenue last year. Photograph: Toru Yamanaka/AFP/Getty Images

The music streaming service Spotify has said it is cutting about 600 jobs, as it became the latest big tech company to admit it expanded too quickly during the coronavirus pandemic.

Its co-founder and chief executive, Daniel Ek, told staff in a blogpost that the platform was reducing its workforce by 6% after he had been “too ambitious”.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.