© Reuters. FILE PHOTO: A dealer is mirrored in a pc display displaying the Spotify model on the New York Inventory Change in New York, U.S., April 3, 2018. REUTERS/Lucas Jackson/File Picture
By Daybreak Chmielewski
(Reuters) – Spotify Know-how SA (NYSE:) Chief Government Officer Daniel Ek knowledgeable the workers by way of electronic mail on Wednesday that the audio streaming firm would scale back its hiring by 25%, in keeping with a supply conversant in the contents of the e-mail.
Ek stated Spotify would proceed hiring, although it will gradual the tempo “and be a bit extra prudent” of over the subsequent few quarters.
Spotify Chief Monetary Officer Paul Vogel stated the corporate was watching the uncertainty within the international financial system throughout an investor convention earlier this month. Though it had but to see a cloth affect on enterprise, he stated, “We’re conserving a detailed eye on the scenario and evaluating our headcount progress within the close to time period.”
