Spotify announced cutting about 1,500 jobs, nearly 17% of its workforce, marking its third layoff round in 2023. CEO Daniel Ek cited economic slowdown and rising capital costs as critical reasons for this decision, following substantial investments in 2020 and 2021. Despite strong user growth and operating income, the company faces modest growth in North … Continue reading Spotify’s Major Workforce Reduction Amid Economic Challenges #1709 →

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