Spotify Lays Off 1,500 as Revenues Climb Works
Spotify CEO Daniel Ek said staff were being incredibly productive, but the company just wasn’t acting as efficiently as it could be.Photo: TORU YAMANAKA/AFP (Getty Images)Spotify staff could be listening to a funerary dirge in their own Spotify Wraps. The company announced it was making sweeping staff cuts across the board, reducing global headcount by around 17%. Merry Christmas.“Even AI Rappers are Harassed by Police” | AI UnlockedSpotify CEO Daniel Ek blamed the layoffs on slowing economic growth and how “capital has!-->!-->!-->!-->!-->…