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Spotify joins other tech giants, announces layoff of approximately 6% of its workforce

Spotify employees were alerted this morning to the news that the company would be slashing its workforce to offset higher costs in 2022. “To offer some perspective on why we are making this decision, in 2022, the growth of Spotify’s OPEX outpaced our revenue growth by 2X,” CEO Daniel Ek wrote in a letter spelling […]
This article was first published on Your EDM. Source: Spotify joins other tech giants, announces layoff of approximately 6% of its workforce