Spotify cuts 17% jobs amid rising capital costs

Spotify is eliminating about 17% jobs, its third round of layoffs this year, as the music streaming looks to become “both productive and efficient.” In a note to employees Monday, Spotify founder and chief executive Daniel Ek said right-sizing the workforce is crucial for the company to face the “challenges ahead.” He cited the slow […]

© 2023 TechCrunch. All rights reserved. For personal use only.



from TechCrunch https://ift.tt/KsAe01D

Comments

Popular posts from this blog

Apple reportedly revamping Health app to add an AI coach

Free the female-presenting nipple and other TC news