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2 mins read

Spotify CEO Daniel Ek acknowledges that mass layoffs posed a 'significant challenge' for day-to-day operations

"It took us some time to find our footing," Spotify chief Daniel Ek told investors in an earnings c…

Kwan Wei Kevin Tan   


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1 min read

Spotify is being hammered for wrapping 2023 with big layoffs just before Christmas

"That puts you in the top 3% of biggest layoffs this year from a tech company," one user wrote on X…

Kai Xiang Teo   


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2 mins read

Spotify's layoffs show there's a debt-market time bomb awaiting many companies

Spotify cut 1,500 jobs Monday – and CEO Daniel Ek pointed to higher debt-refinancing costs as one f…

George Glover   


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1 min read

Spotify is expected to lay off employees this week say media reports

Swedish music streaming giant Spotify is expected to lay off employees this week amid the deepening…

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5 mins read

Spotify employees question lavish spending on events while the company lays off thousands

Amid layoffs, Spotify remains committed to extravagant events, sparking debate about the company's …

Jyoti Mann   


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4 mins read

Layoffs are a nightmare for employees, but Wall Street loves them

Companies with strong profits are letting workers go to prove to Wall Street that they're serious a…

Emily Stewart   


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3 mins read

Spotify's CEO sent a memo announcing layoffs. It also contained 'a powerful example of toxic positivity.'

Daniel Ek would have been wise to display empathy and explain how cutting about 6% of Spotify emplo…

Shana Lebowitz   


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2 mins read

Spotify ditches popular podcasts 'Heavyweight' and 'Stolen' as CEO doubles down on cost-cutting

Daniel Ek appears determined to make the company "relentlessly resourceful," following announcement…

Jyoti Mann   


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1 min read

Spotify's former podcast boss calls out the company for setting 'money on fire' with costly celeb deals

Lydia Polgreen, a former Gimlet Media exec, slammed Spotify's Heavyweight and Stolen cancellations.

Sarah Jackson   


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3 mins read

Spotify CEO Daniel Ek sure sounds like he's blaming his 1,500 job cuts on fake work and amateur execs

Ek was surprisingly blunt about why he was axing staff and losing his CFO.

Hasan Chowdhury   


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6 mins read

Read the full memo Spotify's CEO sent employees announcing it would cut 17% of its staff: 'Being lean is not just an option but a necessity'

Spotify CEO Daniel Ek told employees in an email announcing the layoffs that "many smart, talented …

Jyoti Mann   


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1 min read

Spotify kills 11 original podcasts, lays off less than 5% staffers

Leading music streaming platform Spotify is shuttering 11 original podcasts from its in-house studi…

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1 min read

Spotify adds audio enhancement for podcast creators

Music streaming platform Spotify has added a one-button voice isolation feature in its Anchor app f…

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4 mins read

30-40% of laid off techies in the US are Indians, most on H-1B and L1 visas

According to The Washington Post, nearly 200,000 IT workers have been laid off since November last …

PTI   


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3 mins read

Welcome to post-layoff Google — starting with a tense, all-hands meeting

Googlers were told to wait until Monday's town hall to ask questions: Why didn't managers know abou…

Diamond Naga Siu   


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2 mins read

US stocks rise as investors assess widespread tech layoffs and brace for more earnings

Of the 57 S&P 500 companies that have reported earnings so far, 67% beat profit estimates by a medi…

Matthew Fox   


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1 min read

Spotify is laying off around 6% of its workforce about 600 employees — as tech job cuts continue to mount

In a memo to Spotify staff Monday, CEO Daniel Ek said: "I take full accountability for the moves th…

Kate Duffy   


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1 min read

Peloton has reportedly lost a further 3 senior execs amid a wide-ranging shake-up at the struggling fitness company

Peloton's chief supply chain, operations, and business officers have departed, Bloomberg reports. L…

Mary Hanbury   


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2 mins read

Outgoing Peloton CEO John Foley takes the blame for Peloton's crash: 'We own this. I own this.'

"We've made missteps along the way," Foley said in his final investor call as Peloton CEO on Tuesda…

Ben Gilbert   


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3 mins read

Meet Peloton's new CEO, an ex-Spotify exec taking the helm amid major cuts and investor pressure

The new CEO will oversee big job cuts and handle investor pressure on the embattled fitness company.

Meghan Morris