Spotify's Multiple Rounds of Layoffs point to faster platform AI integration. Spotify is reportedly leveraging artificial intelligence (AI) across all of its platforms, a move just after its latest three rounds of layoffs in a span of one year, a move commended by Wall Street, as per a CNN report.
Spotify made a name for itself in the audio-streaming business through its hyper-personalized user experience, thanks to artificial intelligence and a team of 9,800 staffers at the end of 2022.
Spotify slashes staff to move faster into AI – and Wall Street loves it cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.
Spotify’s investments into AI to boost margins for its podcasting and audiobook divisions look like a complete overhaul in strategy that Wall Street seems confident can work.