Spotify announced plans Monday to slash its headcount by 6% as part of a drive to boost efficiency at the world's largest music streaming ... Spotify becomes latest tech titan to announce layoffs.

Spotify is laying off about 6% of its employees, CEO Daniel Ek announced in a memo. Ek said changes at the company could let him to do his best work and focus on Spotify's future.; Leadership ...

Spotify joined other giant media and tech companies to announce layoffs as firms pull back after a period of robust growth during the pandemic amid an economic downturn. The Swedish streaming ...

Spotify is laying off 17% of its global workforce in order to cut costs, CEO Daniel Ek said on Monday. Ek made the announcement in an internal memo sent to staff, which the company posted on its ...

Spotify will lay off around 1,500 employees to reduce costs in a third round of job cuts this year, CEO Daniel Ek said Monday as he announced a “significant” strategy shift for the music ...

In conclusion, Spotify’s announcement of 1,500 layoffs due to “rising costs” has raised important questions about the financial challenges facing the music streaming industry.

Spotify announced Monday that it will lay off 17% of its workforce, stating that such cuts were necessary to "rightsize" the costs of the company. The latest round of layoffs comes after the ...

A number of Spotify tech workers reacted with shock to the announcement on social media platforms such as LinkedIn. One product designer wrote, “I was one of 17 percent impacted by the layoffs ...

Spotify had 4,405 employees in 2019, before the pandemic began, according to that year’s annual report. In morning trading, shares of Spotify added 3.5% to $101.32. Support PBS News Hour ...

Spotify informed its employees on Monday that it will be cutting jobs this week, making it the latest in a wave of mass layoffs following hiring surges during the height of the covid-19 pandemic.