Spotify cuts 6% of workforce, content chief to depart as CEO Ek stresses 'efficiency'

7 days ago Yahoo Finance

In addition to staff cuts, Spotify announced an executive reshuffling, with Gustav Söderström and Alex Norström moving to the position of co-presidents. Söderström will also serve as the company's chief product officer; Norström will move into a role as Spotify's chief business officer. Chief content officer and advertising business officer Dawn Ostroff will depart. Spotify CEO Daniel Ek speaks during a press event in New York May 20, 2015. Spotify, which provides free on-demand music or ad-free tunes for paying customers, said it will now also provide video content and podcasts.
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