LONDON (AP) — Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced…
Stockholm-based Spotify had benefited from pandemic lockdowns because more people had sought out entertainment when they were stuck at home. Ek indicated that the company’s business model, which had long focused on growth, had to evolve.
Spotify made “considerable effort” to rein in the costs over over the past few months, “but it simply hasn’t been enough,” he said. He said that’s why the company is cutting its global workforce by about 6%. Ek didn’t give an actual number of job losses but a company spokesman said it’s 600, based on 9,808 employees listed in its latest quarterly report.After years of heady growth, analysts say tech companies are being forced to cut jobs in preparation for an economic dowturn that’s likely to cut demand for their software, products and services and reduce digital ad spending.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
London, Ont. mother highlights lack of mental health support for teen daughter - London | Globalnews.caAccording to the Ontario Phycological Association, requests for mental health support for children and youth services increased by 104 per cent between 2021 and 2022.
اقرأ أكثر »
Monday we'll see some sun and a high of -3 CFog patches dissipating near noon
اقرأ أكثر »
Brake fault blamed for three-hour LRT disruption Monday morningThe breakdown occurred at about 9:20 a.m. and forced OC Transpo to move service to the eastbound platforms at Lyon, Pimisi and Bayview stations. Buses were pressed into service to move passengers west from Lyon station. OC Transpo said it had staff on site to help direct passengers.
اقرأ أكثر »
'The soul of CSNY': Neil Young pays tribute to former bandmate David Crosby | CBC MusicDavid Crosby died earlier this week at the age of 81, and today his Crosby, Stills, Nash & Young bandmate Neil Young paid tribute to the musician with a statement on his website. | CBCMusic
اقرأ أكثر »
Drake delivers nostalgia, teases new music at Apollo showIt\u0027s easy to forget how many hit songs Drake created in his nearly 15\u002Dyear musical career.
اقرأ أكثر »