Spotify cutting hundreds of jobs in latest round of tech layoffs ...Middle East

Music streaming service Spotify announced Monday that it is slashing hundreds of jobs in the latest round of layoffs in the tech sector. Spotify said it would cut 6 percent of its staff, or about 600 workers based on its last earnings report. “Like many other leaders, I hoped to sustain the strong tailwinds from the pandemic and believed that our broad global business and lower risk to the impact of a slowdown in ads would insulate us. In hindsight, I was too ambitious in investing ahead of our revenue growth,” CEO Daniel Ek said in a statement. Ek announced the job cuts along with a handful of other changes to the business, including how its products and business teams are orga

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Last updated : 23 January 2023 clock 09:01 PM

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Spotify cutting hundreds of jobs in latest round of tech layoffs ...Middle East

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