Spotify Slashes Global Workforce By 17% in Latest Cost-Cutting Effort ...Middle East

Calling it a “crucial step” in a wider effort to be “relentlessly resourceful,” Spotify co-founder and CEO Daniel Ek announced on Monday a 17% reduction of the company’s global workforce. That amounts to roughly 1,500 jobs, given Spotify’s recent disclosure of having 9,241 full-time employees. This is Spotify’s third round of layoffs in a year, following a 6% reduction in late January, affecting close to 600 staffers, and a targeted trimming of its podcast division in June that reduced its workforce by about 2%, representing around 200 jobs. In a memo to staff, Ek cited a global operation that was still too big an

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