S4 • E523: What's going on with Spotify?

<p>Spotify says it&#39;s axing 17% of its global workforce, the music streaming service&#39;s third round of layoffs this year as it moves to slash costs while focusing on becoming profitable. In a message to employees posted on the company&#39;s blog Monday, CEO Daniel Ek said the jobs were being cut as part of a “strategic reorientation.” The post didn&#39;t specify how many employees would lose their jobs, but a spokesperson confirmed that it amounts to about 1,500 people.</p> <p><br></p> <p>Mentions</p> <p>Boston 25 News</p> <p><a href="https://www.boston25news.com/news/spotify-axes-17/Y4FZ35GUBK45K7O4FQECG4GA7M/?outputType=amp" target="_blank" rel="noopener noreferer">https://www.boston25news.com/news/spotify-axes-17/Y4FZ35GUBK45K7O4FQECG4GA7M/?outputType=amp</a></p> --- Send in a voice message: https://podcasters.spotify.com/pod/show/savagedunfiltered/message