Sunday, December 3, 2023

Spotify cuts 17% jobs amid rising capital costs

Spotify is eliminating about 17% jobs, its latest round of layoffs, as the music streaming giant navigates slow economic growth and rising cost of capital. In a note Monday, Spotify founder and chief executive Daniel Ek said the right-sizing of the workforce is crucial for the company for facing the “challenges ahead.” “I recognize this […]

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