Add Spotify to the list of companies changing the way they operate on account of COVID-19. The music streaming platform will allow its employees to work from home for the remainder of 2020.
Music Business Worldwide (MBW) reports that the company sent out a memo to that effect on May 21st. It detailed their “phased approach” to reopening offices, giving individual employees “full discretion” on whether or not to come to the offices before 2021. As of last year, Spotify employed 4,405 people per their 2019 fiscal report.
“Earlier today, we announced the extension of our work-from-home arrangement for all Spotify employees globally,” a spokesperson later confirmed. “We will continue to track local government guidelines city-by-city and take a phased approach of opening our offices when we deem it safe to do so. Our employees’ health and safety is our top priority. No employee will be required to come into the office and can choose to work from home through the end of the year.”
Despite suffering a financial blow in the early months of the COVID-19 pandemic, Spotify stock has soared to its highest price in nearly two years following the signing of an exclusive licensing agreement with The Joe Rogan Experience.
