Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year
Streaming giant to cut about 1,500 more jobs as it accelerates a profitability push
Source: wsj.com
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Spotify to Cut 1,500 Jobs in Third Round of Layoffs this Year
The music streaming service has expanded into podcasting and audiobooks but found it difficult to turn a consistent profit.
Source: nytimes.com
Spotify Cuts 1,500 Jobs in Third Layoff Round This Year
Dado Ruvic/ReutersSpotify is set to cut its workforce by around 17 percent, CEO Daniel Ek told staff Monday, amid a slowdown in economic growth and the rising costs of borrowing money. The headcount reduction—which is Spotify’s third this year—will affect about 1,500 jobs, according to The Wall Street Journal. “I decided that a substantial action to rightsize our costs was the best option to accomplish our objectives,” Ek said in a lengthy note to employees Monday. “While I am convinced this is
Source: yahoo.com
Spotify To Lay Off 1500 Employees: Spotify job cuts: Read CEO Daniel Ek's note to company employees
Spotify to Cut 1,500 Jobs: Spotify announces third round of job cuts, laying off about 17% of its workforce. CEO Daniel Ek states the company aims to
Source: indiatimes.com
Spotify To Cut About 17% Staff
Spotify Technology SA, a provider of digital music, podcast, and video service, said it is eliminating total headcount by around 17% across the company amid its efforts to cut costs to become "productive and efficient.
Source: rttnews.com