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Spotify to Reduce Staff by 17% in 2nd Layoff this Year

FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic/File Photo
FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic/File Photo
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Spotify to Reduce Staff by 17% in 2nd Layoff this Year

FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic/File Photo
FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic/File Photo

Spotify will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying off 6% of this staff in January citing higher costs.
In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.
CEO Daniel Ek told Reuters at that time the company was still focusing on efficiencies to get more out of each dollar.
On Monday, he said a reduction of this size will feel surprisingly large given the recent positive earnings report and its performance.
"We debated making smaller reductions throughout 2024 and 2025," CEO Daniel Ek said in a mail to employees.
"Yet, considering the gap between our financial goal state and our current operational costs, I decided that a substantial action to rightsize our costs was the best option to accomplish our objectives."

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Netflix’s ‘Missing You’ Lands in Time for New Year Binge Watch

In this photo illustration a computer screen displays the Netflix logo on March 31, 2020 in Arlington, Virginia. (AFP)
In this photo illustration a computer screen displays the Netflix logo on March 31, 2020 in Arlington, Virginia. (AFP)
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Netflix’s ‘Missing You’ Lands in Time for New Year Binge Watch

In this photo illustration a computer screen displays the Netflix logo on March 31, 2020 in Arlington, Virginia. (AFP)
In this photo illustration a computer screen displays the Netflix logo on March 31, 2020 in Arlington, Virginia. (AFP)

It’s Netflix’s resolution every new year to give viewers a headscratcher in January.

Since 2020, the streamer has released a UK miniseries based on thriller book by Harlan Coben over the holidays. It seems to have paid off: “Fool Me Once,” starring Michelle Keegan, Adeel Akhtar and Joanna Lumley, launched this past January and became what Netflix says was one of their most watched shows of the year, amassing 108 million views.

2025’s seasonal suspense series is “Missing You,” based on Coben’s 2014 New York Times bestseller. It stars Rosalind Eleazar (“Slow Horses”) as Detective Inspector Kat Donovan, a police officer who specializes in finding missing people — apart from the fiance that vanished 11 years earlier.

“They know Jan. 1 is the sweet spot for them,” says actor Richard Armitage, who has appeared in each winter Coben adaptation, which relocates the stories from the books' America to the north of England. “People have ownership over the show now, so like, ‘I want my Harlan Coben show on New Year’s Day. Give me my Harlan Coben fix.’”

“It’s perfect timing for the release, to be honest,” says co-star Ashley Walters. “Most people are going to be hung over or, you know, just not have anything to do with the day.”

The show opens with the shock of Donovan's ex-fiance (Walters) popping up on a dating app, over a decade after she came home one day to find him gone.

“I’ve ghosted people before,” laughs Armitage. “Just people you don’t want to talk to anymore. Not digitally though.”

Another star, Jessica Plummer, isn’t a fan of those who disappear without saying goodbye, though.

“I’d just feel too guilty,” she admits, calling it “cowardly and lazy — sorry Richard!”

Eleazar promises twists and turns along the way, adding that the actors weren’t initially given the final two scripts and had to turn to the book to find out what happens.

Coben “really is a genius at taking you up the wrong track,” says Eleazar. “You’re so sure that this time you’ve got it right and it’s this person or this thing, but you are inevitably always wrong.”

“I would love to know, actually, how he starts a book, you know? Does it start with an idea or does he think of the most inconceivable idea and go, ‘That’s how it’s going to end’?” she adds.

Armitage agrees that “Missing You” does justice to the “hair-raising” shock ending of the book; “It’s like the rug is pulled away at the last minute.”

And while audiences at home can binge-watch the whole five-part series as 2025 is still finding its feet, the cast will be busy with a variety of pastimes.

Lenny Henry, who portrays Kat’s father, jokes that he usually wakes up to a new year surrounded by roast potatoes, while wearing pajamas.

Armitage likes to be outside and start fresh by skiing down a mountain, while Eleazar has plans to celebrate in style: She and a group of friends have a tradition where they rent a castle and dress up in themed costumes.

Past New Year's Eve parties have included donning 18th century garb in France and last year’s Versace-themed fete.

“I will be celebrating and really hoping that everyone loves this show on the 1st,” she says.