And I loved digging deep into meaningful conversation with my diverse and inspiring guests, laughing and learning with them, and with each of you listening,” Meghan, the Duchess of Sussex, said at the time. “I loved digging my hands into the process, sitting up late at night in bed, working on the writing and creative. and the U.K., and it won the top podcast award at the People’s Choice awards last year. It topped Spotify charts in seven countries, including the U.S. The podcast premiered in August last year with tennis great Serena Williams as a guest and it was an instant hit. It is unclear why the podcast, hosted by Meghan, is leaving the platform but Spotify and Archewell Audio said in a joint statement that the decision was mutual.Īrchewell landed a multiyear partnership with Spotify in 2020 to create podcasts and shows that would tell stories through diverse voices and perspectives. In morning trading, shares of Spotify added 3.5% to $101.32.The production company founded by Prince Harry and his wife, Meghan, is splitting ways with Spotify less than a year after the debut of their podcast “ Archetypes.” Sign up to get notified as soon as new Spotify jobs in Amsterdam are posted. Spotify had 4,405 employees in 2019, before the pandemic began, according to that year's annual report. There are currently no open jobs at Spotify in Amsterdam listed on Glassdoor. Just last week, Google announced it was slashing 12,000 jobs while Microsoft said it would cull 10,000 workers, bringing to at least 48,000 the number of cuts that Big Tech companies announced in January alone.Įven with all of the recent layoffs, most tech companies are still vastly larger than they were three years ago. "I take full accountability for the moves that got us here today," Ek said.Īfter years of heady growth, analysts say tech companies are being forced to cut jobs in preparation for an economic dowturn that's likely to cut demand for their software, products and services and reduce digital ad spending. Ek didn't give an actual number of job losses but a company spokesman said it's 600, based on 9,808 employees listed in its latest quarterly report. He said that's why the company is cutting its global workforce by about 6%. In hindsight, I was too ambitious in investing ahead of our revenue growth," Ek said. "I hoped to sustain the strong tailwinds from the pandemic and believed that our broad global business and lower risk to the impact of a slowdown in ads would insulate us. Spotify made "considerable effort" to rein in the costs over over the past few months, "but it simply hasn't been enough," he said. Our mission is to unlock the potential of human creativityby giving a. The company's operating costs last year grew at double its revenue growth, a gap that would be "unsustainable long-term" in any economic climate, but even more difficult to close with "a challenging macro environment," he said. Ek indicated that the company's business model, which had long focused on growth, had to evolve. Stockholm-based Spotify had benefited from pandemic lockdowns because more people had sought out entertainment when they were stuck at home. Music streaming service Spotify said Monday it's cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens.ĬEO Daniel Ek announced the restructuring in a message to employees that was also posted online.Īs part of the revamp involving a management reshuffle, "and to bring our costs more in line, we've made the difficult but necessary decision to reduce our number of employees," Ek wrote.īig tech companies like Amazon, Microsoft and Google announced tens of thousands of job cuts this month as the economic boom that the industry rode during the COVID-19 pandemic waned.
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