Spotify CEO Daniel Ek is looking to slow down on hiring new talent. In a recent email obtained by CNBC, Ek told employees that the company would “reduce hiring growth by 25%.” Ek later added that Spotify would “continue to still hire and grow.”
“We are just going to slow that pace and be a bit more prudent with the absolute level of new hires over the next few quarters,” Ek stated, according to CNBC.
When asked to provide more information regarding the company’s hiring drawbacks, Spotify spokesperson Adam Grossberg declined to specify the company’s hiring plans.
“We are clearly aware of the increasing uncertainty regarding the global economy. And while we have yet to see any material impact to our business,” Grossberg stated.
“We are keeping a close eye on the situation and evaluating our headcount growth in the near term.”
According to recent SEC filings obtained by The Verge, Spotify had 6,600 employees at the end of last year. In comparison, this is an 18% increase from the company’s size in 2020. While the company may not add as many employees in 2022, the number of staffers could still inch to 7,000 by the end of next year.