Spotify to cut 17 percent of staff ...Middle East

Spotify plans to cut about 17 percent of its workforce in the company’s third round of layoffs this year, CEO Daniel Ek announced on Monday. About 1,500 employees will be impacted, based on Spotify’s numbers in its third quarter earnings report. The company previously laid off about 600 workers in January and another 200 members of its podcasting division in June. “Over the last two years, we’ve put significant emphasis on building Spotify into a truly great and sustainable business – one designed to achieve our goal of being the world’s leading audio company and one that will consistently drive profitability and growth into the future,” Ek said in a note to employees on Monday.

Hence then, the article about spotify to cut 17 percent of staff was published today ( Monday 04/12/2023 - 07:40 PM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Spotify to cut 17 percent of staff )

Also on site :

• Sega reminds us it's not just celebrating Sonic's 35th this year as it breaks out the party hats for another classic series
• 2026’s Biggest Game Just Might Be 2025’s ARC Raiders as it Leads US Player Engagement on Steam for Nine Weeks Straight
• Increasing Prices Knocks Radeon RX 9070 XT And GeForce RTX 5070 Ti Out Of Top 10 Best Selling GPUs On Amazon US