The music streaming service Spotify has officially stopped
its operations in Russia. This is reported by local media, UNN reports.
It is noted that the only legal entity of the streaming
music service Spotify in Russia, Spotify LLC, has ceased operations. From the data
of the Unified State Register of Legal Entities shows that the organization was liquidated on December 14.
December.
The application for liquidation was sent in February 2023, and
the service itself stopped operating in Russia in April 2022.
Context
In early December, it became known that Spotify was laying off 17% of its
of the staff, 1500 employees, which was the third large-scale staff reduction
in a year. CEO Daniel Ek explained this by large losses and
the need to reduce costs.
Spotify is cutting 17 percent of its workforce: how it became possibleDecember 4 2023, 02:38 PM • 31263 views