Spotify cuts 17% jobs amid rising capital costs

Spotify is eliminating about 17% jobs, its latest round of layoffs, as the music streaming giant navigates slow economic growth and rising cost of capital. In a note Monday, Spotify founder and chief executive Daniel Ek said the right-sizing of the workforce is crucial for the company for facing the “challenges ahead.” “I recognize this […] © 2023 TechCrunch. All rights reserved. For personal use only....