S4 • E523: What's going on with Spotify?

Spotify says it's axing 17% of its global workforce, the music streaming service's third round of layoffs this year as it moves to slash costs while focusing on becoming profitable.

In a message to employees posted on the company's blog Monday, CEO Daniel Ek said the jobs were being cut as part of a “strategic reorientation.” The post didn't specify how many employees would lose their jobs, but a spokesperson confirmed that it amounts to about 1,500 people.

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Boston 25 News
https://www.boston25news.com/news/spotify-axes-17/Y4FZ35GUBK45K7O4FQECG4GA7M/?outputType=amp