Music streaming service axes 17% of workforce in latest round of redundancies at big tech companies
Spotify is cutting more than 1,500 jobs as the music streaming service blamed a slowing economy and higher borrowing costs in the latest round of redundancies at big tech companies.
Daniel Ek, Spotify’s billionaire founder and chief executive, said it had decided to cut 17% of its workforce, the third and steepest round of redundancies of 2023, as the company faces pressure from an activist investor.
About Author
More Stories
Italy seeks to protect restaurants and hotels from fake and paid-for reviews
Bodies recovered from illegal goldmine in South Africa where many feared dead
‘Don’t allow you to go to the bathroom’: big tech’s call center workers in Greece on strike