That’s what the news site writes Break it referring to a message that went out in Spotify’s internal channels. All non-essential travel within the company is put on hold.
The company is also pausing conferences outside the company’s own premises throughout the next year and reviewing its use of office space.
This summer, Spotify’s CEO Daniel Ek announced that the company is reducing the pace of new recruitment.
Spotify’s stock has fallen by 70 percent since the turn of the year.