Spotify lays off 17 per cent or 1500 of its workforce, cancels two of its most popular podcasts
Spotify is set to lay off 17 per cent of its global workforce, marking the third round of layoffs this year for the music streaming service, In a strategic move to cut costs and focus on profitability.
CEO Daniel Ek communicated the decision in a blog post on Monday, framing it as a “strategic reorientation.” While the post did not specify the exact number of job cuts, a spokesperson told news outlets that approximately 1,500 employees would be affected.
The announcement revealed that Spotify,…