Audio streaming service Spotify to cut 17% of global workforce
Spotify had posted an operating profit of €32 million in Q3 2023, marking the company's first profitable quarter in two years.
Source: moneycontrol.com
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Spotify laying off 17 percent of employees across the company
In a pre-holiday shocker, Spotify is laying off 17 percent of its workforce across the company.
Source: engadget.com
Spotify layoffs: Music streaming giant to cut 17% workforce, says CEO Daniel Ek
Spotify to lay off 17% workforce: In a letter to the employees, Daniel Ek said that they will receive a calendar invite within two hours from HR for a one-on-one conversation.
Source: businesstoday.in
Spotify to cut 1,500 employees in third layoff round this year, ET Telecom
In a letter to employees, Spotify CEO Daniel Ek said the company hired more in 2020 and 2021 due to the lower cost of capital and while its output has increased, much of it was linked to having more resources.
Source: indiatimes.com
Spotify Firing 1,500 Employees
Spotify has fired a bunch of people in 2023, and now they're getting rid of about 1,500 more.
Source: uproxx.com