Page 111 - Spotify Technology News Today

(RTTNews) - Audio streaming company Spotify Technology S.A. (SPOT) announced a reduction in its employee base by about 6%. The company estimates t...

U.S. stocks nudged higher Monday, while the dollar extended its recent slump on foreign exchange markets and Treasury yields retraced earlier declines, as investors looked ahead to a crucial week for Wall Street on the tailwind of a final dovish forecast from a key Federal Reserve official.

(Reuters) -Spotify Technology SA said on Monday it plans to cut 6% of its workforce and would take a related charge of up to nearly $50 million, that would add

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Streaming company says move is part of broader cost-cutting measures

Ostroff led the digital streaming service's podcast business, which CEO Daniel Elk says was "too ambitious"

Music streaming firm Spotify Technology SA plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut of layoffs in the technology sector as companies prepare for a possible recession.

Music streaming service Spotify said Monday its cutting 6 per cent of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens.

The layoffs will affect 600 of the company's nearly 10,000 employees 

Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn.