![]() The layoffs impacted employees across Spotify's podcasting business and its supporting functions, including talent acquisition and financial roles, a Spotify spokesperson told Insider.Ĭiti CEO Jane Fraser announced a corporate overhaul in September.īanking giant Citigroup started planned layoffs in November after CEO Jane Fraser announced a corporate overhaul in September. In June, Spotify announced that the music and podcast streaming app would lay off about 200 employees, or 2% of its workforce. ![]() "Spotify is not an exception to these realities."Īccording to documents viewed by BI, people were selected to be laid off based on: "a combination of factors including but not limited to organizational design, such as duplication of roles, streamlining layers to ensure efficiency, and optimizing our organization for the next chapter of Spotify." "Economic growth has slowed dramatically and capital has become more expensive," Ek said in his email to employees and blog post. He wrote that 17% of its staff would be let go - the largest cut Spotify has made so far in 2023. Spotify notified employees that it was conducting a third round of layoffs on Monday in an email sent by CEO Daniel Ek. Onur Dogman/SOPA Images/LightRocket via Getty Images Spotify announced its third round of layoffs this year in a blog post. ![]() Account icon An icon in the shape of a person's head and shoulders.
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