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Spotify to cut 17% of its workforce in 3rd layoff this year despite Taylor Swift's success on the platform

Por: Fox Business Business December 04, 2023

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Horizons Investments CIO Scott Ladner provides investing advice on 'The Claman Countdown.' Music streaming giant Monday that it will lay off around 1,500 employees, or 17% of its workforce, in an effort to further reduce expenses. The latest round of job cuts come after the company let go of 600 staff members in January and 200 more workers in June. Spotify CEO Daniel Ek said in a letter to employees that the company put significant... + full article



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