In a memo to Spotify employees, CEO Daniel Ek said the company would cut 6% of its staff, about 600 people. This announcement arrives on the tail of additional layoffs the music streaming service made back in January. "The company will support these individuals with generous severance packages, including extended Healthcare coverage and immediate access to outplacement support," the statement read. The "fundamental pivot from a more uniform proposition will allow us to support the creator community better," the memo read. In the memo sent to employees, the vice president of Spotify's podcast business Sahar Elhabashi explained the layoffs were a part of the brand's decision to change how it works with podcast partners around the globe. The layoffs will impact employees across Spotify's podcasting business and its supporting functions, including talent acquisition and financial roles, a Spotify spokesperson told Insider. Spotify announced that the music and podcast streaming app would lay off about 200 employees, or 2% of its workforce. Onur Dogman/SOPA Images/LightRocket via Getty Images Spotify is the latest company to announce layoffs. Meanwhile, more customers are turning away from food delivery, overall, in an attempt to save money and avoid sky-high fees. The company has had three CEOs over the last two years, and its owner, Dutch conglomerate Just Eat, tried to sell the firm less than a year after purchasing it. Grubhub has struggled to keep up with the likes of DoorDash and Uber Eats, and it is now the third biggest delivery operator in the US, according to Bloomberg Second Measure. "There is no doubt whatsoever that we have a solid foundation in place and an immense opportunity ahead of us – but it is also clear that we need to make some tough decisions in order to maintain our competitiveness." "We operate in a highly competitive and constantly evolving industry," Migdal wrote.
The cuts impacted Grubhub's corporate office, as the company's operating and staff costs have increased at a faster rate than its business over the past few years, the memo said. Grubhub CEO Howard Migdal told staff that the food-delivery company would be laying off about 400 jobs on June 12 - or about 15% of its workforce. Account icon An icon in the shape of a person's head and shoulders.
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