Spotify—Laid off 17% of workforce (1,500 employees), CEO said he invested too much during growth years
Spotify cut 17% of its workforce, approximately 1,500 jobs, in its largest round of layoffs. CEO Daniel Ek attributed the cuts to over-investment during 2020-2021 when capital was cheap. Employees received around five months severance. The layoffs notably eliminated Glenn McDonald, creator of EveryNoise, ending that popular music discovery resource.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Worker Rights | -against | primary | -1.00 |
| Overall incident score = | -0.590 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.59)
Evidence (1 signal)
Laid off 17% of workforce (1,500 employees), CEO said he invested too much during growth years
Spotify cut 17% of its workforce, approximately 1,500 jobs, in its largest round of layoffs. CEO Daniel Ek attributed the cuts to over-investment during 2020-2021 when capital was cheap. Employees received around five months severance. The layoffs notably eliminated Glenn McDonald, creator of EveryNoise, ending that popular music discovery resource.