"Everything's looking much better now," Spotify Status, an account that provides updates about the platform's status, said in a tweet. In the second such outage within two weeks, more than 41,000 Spotify users reported on Downdetector.com they were having issues with the streaming platform at the peak of the disruption. As Spotify was coming back online, Downdetector said reports of outages had fallen below 2,000.
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Spotify (NYSE: SPOT) announced a surprise restructuring and reduction in head count this week, following the lead of many big tech companies. But in this case, it may be a strategic shift that will significantly help the bottom line.