Swedish music streaming large Spotify stated Monday that it was slicing six p.c of its roughly 10,000 workers, the newest amongst a slew of cost-cutting bulletins by know-how firms.
“In hindsight, I was too ambitious in investing ahead of our revenue growth. And for this reason, today, we are reducing our employee base by about six percent across the company,” Spotify CEO Daniel Ek stated on Spotify’s official weblog.