Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year

Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year

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Spotify is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push. Chief Executive Daniel Ek announced the job cuts—the Stockholm-based company’s third round of layoffs this year—to staff Monday.

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