- Daniel Ek said Spotify underestimated the impact of laying off 1,500 people in December.
- "It took us some time to find our footing," Ek told investors in an earnings call.
- The streaming giant had cut 2,300 jobs over three rounds of layoffs last year.
Laying off 1,500 people in December ended up creating a "significant challenge" for Spotify, the company's CEO Daniel Ek said on Tuesday.