Spotify CEO Daniel Ek addresses investors, acknowledging the disruptive effect of laying off 1,500 employees on the company’s day-to-day operations. Despite the challenges, Ek emphasizes the necessity of the restructuring for long-term growth and innovation. The move aims to streamline operations and focus on core business priorities. Investors express concerns over the impact of layoffs on morale and productivity. Spotify remains committed to its mission of providing high-quality music streaming services while adapting to market dynamics.
Spotify CEO Acknowledges Impact of Layoffs on Daily Operations
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