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
Chief content officer Dawn Ostroff is also set to leave The post
The music streaming company says its chief content & advertising business officer will leave the company, and two other execs will become co-presidents.
The audio company employs around 9,800 people.
In addition to the Los Angeles event, a new set of best new artist-themed Spotify Singles is also coming soon.
The singer sent her thanks to her fans on social media.
Also this week: Capitol Records Nashville appoints a vp of promotion, UMG taps a film industry legend as chairman of the board and more.
Others on the list include Restless Road, Dylan Marlowe & Avery Anna.
The hip hop duo Black Sheep claim UMG owes them and other artists approxima
