Among the impacted employees: Steve Leeds, a vp who developed the satellite radio company's artist branded stations like E Street Radio.
The satellite radio giant says layoffs will impact 475 employees across nearly every department.
The label is being reincorporated under Capitol Music Group after a short period as a standalone company.
The chief content and ad business officer is transitioning to an adviser role as the audio company reorganizes its leadership ranks.
Spotify employees were alerted this morning to the news that the company would be slashing its workforce to offset higher costs in 2022. “To offer some perspective on why we are making this decision, in 2022, the growth of Spotify’s OPEX outpaced our revenue growth by 2X,” CEO Daniel Ek wro
The music streaming company says its chief content & advertising business officer will leave the company, and two other execs will become co-presidents.
Alphabet's move to shrink its Google workforce follows similar actions at Microsoft, Amazon and Facebook parent Meta.
The majority of the cuts will target employees in Amazon Stores and the company's PXT divisions.
CEO Jennifer Witz says the company aims to control costs while prioritizing a rebuild of its technology infrastructure.
"I got this wrong, and I take responsibility for that," Mark Zuckerberg writes in a memo to staff announcing a reduction of 11,000 employees.
