Huge increase on Spotify.  Internet users will be gnashing their teeth

Huge increase on Spotify. Internet users will be gnashing their teeth

Spotify raises prices. And quite significantly. According to a popular music streaming service, the increase applies to one of the Premium packages.

“On January 8, 2024, we are introducing a change in the monthly fee for the Premium Family subscription from PLN 29.99 to PLN 37.99. This is the first ever update of the price of this plan and it is necessary because our operating costs have increased,” the website informs. message.

Huge hike on Spotify. Payment postponed by two months

Spotify adds that it values ​​Premium users and therefore the new fee will be deferred. “We value all Premium users, so we are postponing by two months (until April) the moment from which we will start charging you for the subscription,” we read.

Spotify announcement Screenshot/spotify.com

The website adds that the new price must be accepted by March 31, 2024. If the user does not do so, he will lose “access to all Premium benefits”. “If you do not do this by March 31, 2024, Spotify will automatically cancel your plan and your account will be transferred to the free version of Spotify with ads after the next billing date (April),” the service says.

Layoffs at Spotify. Approx. 1.5 thousand people will lose their jobs

At the beginning of December last year. The popular music streaming service will get rid of as much as 17%. the entire team, i.e. approx. 1.5 thousand people. This is another round of layoffs at Spotify, but definitely the largest so far. Spotify CEO Daniel Ek said that this decision had to be made due to the need to optimize costs and adapt to the new, more difficult environment – primarily the “drastic slowdown in economic growth.” According to Ek, laying off some of the staff is the only way to reduce the company’s costs and achieve Spotify’s business goals.

Source: Gazeta

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