Spotify Initiates Workforce Reduction of 17% to Optimize Operational Efficiency
In a recent announcement, Spotify (SPOT) revealed plans to lay off approximately 17% of its workforce, amounting to around 1,500 employees. This marks the third round of layoffs for the music streaming company within the current year. Spotify’s CEO, Daniel Ek, communicated this decision in a letter to the staff on Monday. Ek acknowledged the […]