Personally, these changes will allow me to get back to the part where I do my best work-spending more time working on the future of Spotify-and I can't wait to share more about all the things we have coming.Īs a part of this change, Dawn Ostroff has decided to depart Spotify. They'll tell you more about what this means in the coming days, but I'm confident that with their leadership, we'll be able to achieve great things for Spotify. I'm happy to say that Gustav and Alex, who have been with Spotify for a long time and have done great work, will be leading these teams as co-presidents, effectively helping me run the company day-to-day. To do this, I will be centralizing the majority of our engineering and product work under Gustav as Chief Product Officer and the business areas under Alex as Chief Business Officer. To start, we are fundamentally changing how we operate at the top. So, in an effort to drive more efficiency, control costs, and speed up decision-making, I have decided to restructure our organization. And in a challenging economic environment, efficiency takes on greater importance. We still spend far too much time syncing on slightly different strategies, which slows us down. While we have made great progress in improving speed in the last few years, we haven't focused as much on improving efficiency. With this in mind, I have some important news to share today. It's these two things together that will fuel our long-term success. For this reason, I continue to reiterate that speed is the most defensible strategy a business can have.
#Spotify jobs near me full#
Here's the full memo Ek sent to Spotify staff:Īs we say in our Band Manifesto, change is the only constant.
Losses climbed threefold to 228 million euros, which the company blamed on headcount growth and higher advertising costs for growth initiatives. In October, Spotify reported overall third-quarter revenue grew 21% to 3 billion euros, led by growth in paid subscribers, while ad-supported revenue climbed 19% to 385 million euros thanks to its podcasting push. Federal Reserve made shares a less attractive bet for investors. Tech firms faced a reckoning in 2022 as interest rate hikes from the U.S. Microsoft and Amazon, meanwhile, have also announced layoffs. On Friday, Google became the latest major tech name to announce layoffs, saying it plans to cut 12,000 employees. "Because of her efforts, Spotify grew our podcast content by 40x, drove significant innovation in the medium and became the leading music and podcast service in many markets," Ek said in the memo Monday. She also led the deal to get exclusive rights to the Joe Rogan show and was responsible for negotiating exclusive podcasting deals with Kim Kardashian, Prince Harry and Meghan Markle.
president and first lady work on exclusive podcasts for Spotify. In her time at Spotify, Ostroff signed Barack and Michelle Obama's production company Higher Ground Productions to have the former U.S. Ostroff, a former president of Conde Nast Entertainment, joined Spotify in 2018 to help the company grow its fledgling advertising and podcasting businesses. The company warned in a Securities and Exchange Commission filing that the redundancy payouts would lead to roughly €35 million ($38 million) to €45 million of severance-related charges.ĭawn Ostroff, Spotify's head of content, is also leaving the firm. Immigration support will also be available for workers whose immigration status is connected with their employment. Laid-off employees will receive an average of five months of severance and continued health-care coverage, Ek said. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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