Daniel Ek, CEO of Spotify, revealed to staff in a memo earlier this week that the company would be laying off over 500 employees. This follows a recent trend of job cuts in the music and tech industries.
Writing on the company blog Ek says, “I take full accountability for the moves that got us here today.” Adding, “In hindsight, I was too ambitious in investing ahead of our revenue growth.”
The news follows the recent announcements of cuts across the tech…
