Music Stops: Spotify Layoffs Taking Effect

Posted on 12/22/2023

Recently, Spotify CEO Daniel Ek blogged troubling news for the streaming service but potentially good news for major shareholders such as Alecta, Norges Bank, and Tencent. Ek wrote: “Economic growth has slowed dramatically and capital has become more expensive . . . I have made the difficult decision to reduce our total headcount by approximately…

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