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Spotify To Lay Off 1500 Employees Globally

Spotify To Lay Off 1500 Employees Globally

Spotify has joined the ranks of tech companies downsizing to control costs once again. In a public memo, Daniel Ek, the co-founder and CEO of the Swedish audio streaming service, announced plans to reduce the workforce by approximately 17%, amounting to around 1,500 employees out of a global staff of 9,241, as revealed in the latest quarterly report.

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