|
Spotify to lay off 6 percent of its workforce as tech bloodbath widens
[NYPOST] Spotify will lay off some 6% of its 6,600-strong workforce as the streaming giant is the latest tech firm to undertake cost-cutting measures to cope with a struggling economy.The Sweden-based company will shed some 400 employees who will be paid an aggregate of between $38 million and $48 million in severance, according to Bloomberg News. Spotify also announced the departure of Dawn Ostroff, the company’s chief content and advertising business officer. Ostroff leaves amid a company-wide reorganization. A Spotify spokesperson referred The Post to a statement by company CEO Daniel Ek, who said that the firm was seeking to "improve efficiency." "As part of this effort, and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees," Ek said.
[Daily Mail, where America gets its news]
Related: Spotify: 2023-01-20 David Crosby, Spotify: 2022-09-25 Two Bombings in One Night? That’s Normal Now in Sweden. Spotify: 2022-08-26 Mark Zuckerberg tells Joe Rogan that Facebook used its algorithm to suppress Hunter Biden laptop articles for SEVEN DAYS in 2020 - and that FBI warned his team of an impending 'Russian disinformation' dump before the story broke Posted by: Fred 2023-01-24 |
|
| http://www.rantburg.com/poparticle.php?ID=656600 |