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Spotify announces it s firing 17% of its total staff due to the challenges ahead

Spotify CEO Daniel Ek has announced that the company will be laying off 17% of its total staff as the company is facing 'challenges' ahead.

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Spotify to cut 1,500 employees in third layoff this year

Spotify CEO Daniel Ek said the company hired more in 2020 and 2021 due to the lower cost of capital and while its output has increased, much of it was linked to having more resources

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Spotify lays off 600 employees globally, CEO takes full responsibility

The Swedish company s CEO Daniel Ek announced in a memo that he was too ambitious in investing ahead of their revenue growth.

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Layoffs 2023: After Google and Microsoft, Spotify to begin employee layoffs this week

Hopping on the bandwagon of firing employees, a report has claimed that Spotify will also be laying off some of its employees this week.

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