April 18, 2024

Spotify plans to chop about 17 p.c of its workforce within the firm’s third spherical of layoffs this 12 months, CEO Daniel Ek introduced on Monday.

About 1,500 staff will probably be impacted, based mostly on Spotify’s numbers in its third quarter earnings report. The corporate beforehand laid off about 600 staff in January and one other 200 members of its podcasting division in June.

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