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Best Media Info: As per the audio streaming platform, the affected employees will receive an average of five months of severance pay in addition to payments for all accrued and unused vacation| Digital News
In a memo to Spotify staff Monday, CEO Daniel Ek said: "I take full accountability for the moves that got us here today."
Spotify is cutting about 6% of its workforce with layoffs expected to begin on Monday.
Daniel Ek would have been wise to display empathy and explain how cutting about 6% of Spotify employees would help strengthen the company as a whole.
Spotify has a long road ahead — and lots of questions to answer — after a disastrous 2022 for investors.