Spotify: Optimism Is Returning
Spotify's stock has more than doubled on a year-to-date basis, benefiting from interest rate cuts and increased risk-taking by investors. The company has made improvements to its business, includin...
Spotify axes 17% of workforce in third round of layoffs this year
Spotify says it's axing 17% of its global workforce, the music streaming service's third round of layoffs this year as it moves to slash costs while focusing on becoming profitable.
Spotify Shares Surge In Premarket After CEO Says Firm Is Cutting 1,500 Jobs
Spotify reported a $70 million profit last quarter.
Spotify to lay off 17% of its workforce in third round of job cuts this year
Spotify is laying off 17% of its workforce of roughly 9,000, its CEO Daniel Ek said Monday, marking the third round of job cuts at the music streaming giant this year.
Spotify to lower its global headcount by 17%
Spotify Technology SA (NYSE: SPOT) has decided to cut its global headcount by 17%. Its shares are trading slightly up in pre-market on Monday.
Spotify to cut 17% of its workforce in 3rd layoff this year despite Taylor Swift's success on the platform
Spotify, the music streaming giant that has seen growth over the past two years, announced its third layoff in 2023, roughly 17% of its workforce.
Spotify CEO on Layoffs: ‘Our Cost Structure is Too Big'
Spotify is laying off 17% of its workforce as the streaming audio platform tries to cut costs. “The Spotify of tomorrow must be defined by being relentlessly resourceful in the ways we operate, inn...
Spotify Lays Off Even More Staff. Why It's Being Cautious.
The cuts are equivalent to about 1,500 jobs and is the third round of layoffs this year.
Spotify to cut nearly 20% of its workforce despite £55m profit
Popular music-streaming app Spotify will cut almost a fifth of its workforce despite turning a profit of €65m (£55.7m), according to its latest figures.
Spotify to lay off 1,600 people as streaming giant looks to cut further costs
Spotify Technologies SA is set to reduce its workforce by 17%, affecting around 1,600 positions globally as it bids to increase efficiency amid a slowdown in growth. Currently employing 9,300 worl...
Spotify cuts almost 1,600 jobs amid rising costs
Music streaming service axes 17% of workforce in latest round of redundancies at big tech companies
Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff
Music streaming service Spotify is laying off 17% of its workforce, CEO Daniel Ek said Monday.
Spotify announces third and largest round of layoffs
Spotify Technology SA on Monday said it plans to reduce head count by 17%, which would mark the third time the audio streaming group has announced layoffs cuts this year.
Why It Might Be Time to Take Profits on Spotify
Citi sees risks to the consensus view that paid gross subscriber adds will continue to accelerate.
Spotify valuations at risk of 'air pocket', says Citi
Spotify Technology SA (NYSE:SPOT) could suffer from overblown expectations, according to analysts at Citi, who have raised doubts about the music streaming business's ability to sustain growth. An...
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