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The Latest Breaking News from Daniel Ek

Spotify Cuts Around 1,500 Jobs As Growth Slows

Music streaming giant Spotify said Monday it would reduce its number of employees by around 17 percent in a bid to cut costs amid "dramatically" slower economic growth.

International Business Times

Spotify to cut 17% of staff in the latest round of tech layoffs

In a memo addressed to staff, CEO Daniel Ek said it was necessary for the company to "rightsize" after hiring too many people during 2020 and 2021. Roughly 1,500 workers are likely to be let go.

WEKU

Spotify to slash headcount after CEO blasts staff for doing 'work around the work'

The founder is billing the company's biggest ever headcount reduction as a strategic return to the resourcefulness that marked its early days as a startup.

Fortune

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Spotify axes 17% of workforce in third round of layoffs this year

Spotify says it’s axing 17% of its global workforce in the music streaming service’s third round of layoffs this year

The Independent UK

Spotify cuts more than 1,500 jobs amid rising costs

Music streaming service axes 17% of workforce in latest round of redundancies at big tech companies

The Guardian - UK

Spotify's decision to stop paying royalties on less popular tracks is "discriminatory and exploitative", says competition law expert

Others have suggested that the move indicates Spotify may eventually begin charging artists to host their music on the platform

MusicRadar

Spotify CEO says platform wouldn't exist today because of Apple

Ek was lambasting Apple and Google's 30% fees on their App stores as a new competition bill goes through UK parliament.

Fortune

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Airbnb boss called his CEO network asking if they could hire any of the 1,900 staff he laid off

Airbnb CEO Brian Chesky also discussed his friendship with Spotify CEO Daniel Ek.

Fortune

Spotify CEO alludes to reason why Duchess of Sussex’s podcast was cancelled

Spotify ended its reported $20m partnership with Duke and Duchess of Sussex in June

The Independent UK

Spotify CEO hints that Meghan Markle’s Archetypes podcast was cancelled because listeners weren’t ‘happy’

Spotify ended its reported $20m partnership with Duke and Duchess of Sussex in June

The Independent UK

Spotify CEO Daniel Ek warns laws to regulate AI could become obsolete

The Spotify co-founder warned regulation probably wouldn't stand the test of time as technological progress brings new questions on regulation.

Fortune

Mark Zuckerberg’s Journey Of Transformation: From Facebook’s ‘Toddler CEO’ To Meta’s Seasoned Leader

Zuckerberg's Transformation: Meta CEO Embraces Maturity and Philanthropy, Drawing Inspiration from Bill Gates

Zenger

Spotify CEO Daniel Ek thought platform was a 'terrible idea'

The Spotify co-founder was convinced the music industry was going down the drain when he first came up with the idea for a music streaming platform, he told The Diary of a CEO podcast.

Fortune

Spotify CEO Daniel Ek says there are three Mark Zuckerbergs

Ek says the public has seen "The Social Network Mark" and "Evil Mark" before being introduced to the latest, more popular version of the Meta CEO.

Fortune

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Evening Standard

Spotify won’t ban AI-generated music and is AI-translating podcasts

Spotify is increasing its focus on AI, using it to translate popular podcasts into other languages

Fortune

Spotify is using AI to imitate podcast hosts' voices after plowing $1 billion into the business and breaking up with Prince Harry and Meghan

Spotify, eager to cement itself in the podcast business, is testing AI that dubs hosts’ voices in a different language.

The Independent UK

Spotify CEO Daniel Ek denies existence of alleged artist streaming scheme

Spotify co-founder joked that his playlist would be full of his own music if the scheme did work

Fortune

Do effective leaders need to be likable? Elon Musk, Marc Cuban and other big names weigh in

The leaders debated the topic in a social media exchange. And Fortune asked executive coaches their take.

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Fortune

Spotify's CEO mused about being an 'unreasonable' boss—then Elon Musk and Mark Cuban piled in

Spotify founder Daniel Ek shared his "guiding motto" on X, formerly Twitter, which sparked debate.

Daily Mirror

Josh Kroenke sticks to "aggressive" Arsenal promise with £200million transfer splurge

Arsenal have already completed a £65million deal to sign Germany international Kai Havertz from Chelsea - with West Ham captain Declan Rice on his way to the Emirates

Los Angeles Times

What Ryan Murphy's and Harry and Meghan's deals say about the state of Hollywood

A few years ago, it seemed every week there was a new eight- to nine-figure deal between a high-profile writer-producer and a Hollywood studio or streaming service.

Football London

Daniel Ek hands Arsenal owner Stan Kroenke transfer warning after failed takeover

Arsenal news: Daniel Ek has expressed his view on the Premier League, Manchester City and transfer demands of the top clubs

Fortune

“F--king grifters”: Spotify exec Bill Simmons blasts Prince Harry and Meghan Markle after their $20M Archetypes podcast is axed

But the Sussexes are brushing off the scathing attack and "continuing to develop more content for the Archetypes audience".

The Independent UK

Why Spotify ‘ended its £15m deal’ with Harry and Meghan

Industry insiders have suggested executives at Spotify had to evaluate whether the deal made economic sense in the long-run

Marie Claire

We Now Know Why Spotify Severed Ties with Prince Harry and Meghan Markle

And is their Netflix deal in jeopardy, too?

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