Spotify CFO Hints at More Layoffs in Earnings Call

Like most earnings phone calls, Spotify’s often tend to be a mix of positive outlook and also deflection in the middle of buzzwords like “flywheels” and also “toolboxes,” and also founder and also chief executive officer Daniel Ek is amongst the very best at responding to straight concerns slightly– a crucial survival device for any kind of organization head.

But Tuesday’s call, showing up versus the background of the business’s first-ever subscriber price increases in the U.S., located Ek and also primary economic police officer Paul Vogel more protective than typical as they functioned to reinforce financier self-confidence in the face of the dollar-per-month united state cost rises– which the business introduced on Monday, the day prior to the earnings call, and also just after each of its rivals had actually currently increased their rates.

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Yet hidden in among the responses was a tip that more layoffs are to find at a business that is the globe’s biggest paid music-streaming …