Ek did not give the exact number of those laid off, but in light of the fact that as of the end of 2022, Spotify employed approximately 9,800 workers, it is about nearly 600 people who will lose their jobs. Eck promised that the fired would receive compensation in the form of salaries for the next five months, health insurance at the company’s expense for this period (recall that abroad there are no health insurance plans and employers pay for health insurance for employees) and reimbursement for unused vacation days.
More in-
The announcement did not specify which divisions would be cut, but in general, most of Spotify’s employees are in the US, Sweden and the UK – in that order. However, it is possible to guess which division was targeted the most by the fact that Shaq announced that Spotify’s VP of content, Dawn Ostroff, leaving the company Ostroff led the company’s foray into podcasting, spending more than $1 billion buying podcasts and their production studios. Eck pointed out that thanks to her, the amount of content in the field increased 40 times and more – but the income from advertising only doubled, to one and a half billion euros.