Spotify, which earlier focused mainly on music-streaming, has evolved over the years, expanding beyond music into podcasting and audiobooks, and has been making significant investments in these areas. While the company is yet to see any material impact on its business, he noted, “We are keeping a close eye on the situation and evaluating our headcount growth in the near term.”Īt the investor day, where Spotify was updating the financial community on its progress, Ek said, “I believe that over the next decade, we will be a company that can generate $100 billion in revenue annually.” Spotify chief’s email comes a week after CFO Paul Vogel said at the company’s investors’ day that the firm was watching the global economy. IBM winds down business in Russia lays off workforce
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