In morning trading, shares of Spotify added 3.5% to $101.32. It teaches us all something basic, to have a peaceful life and maybe one full of successes. Spotify had 4,405 employees in 2019, before the pandemic began, according to that year’s annual report. One day after Joe Rogan apologized for previously using the n-word on his podcast, Spotify chief executive Daniel Ek told employees that, despite mounting controversies, pulling The Joe. 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. ![]() The leaders at Sony, which owns FIFA, made him a custom-designed Playstation with a Spotify logo. He claims that he has been playing the video game since 1993 when it was first released. He initially charged 100, but soon realised he could charge 50 times as much. Ek’s initial business was launched in his bedroom, as a 13 year old, making websites for local businesses. 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. At one point, Ek was the FIFA champion at Spotify. That’s the view of Daniel Ek, the quiet Swede who created the world’s largest music streaming platform, Spotify. ![]() He said that’s why the company is cutting its global workforce by about 6%.
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