Spotify’s workforce had nearly doubled over the last three years.
Photo: Emanuel Hahn for The Wall Street JournalSpotify is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push.
Chief Executive Daniel Ek announced the job cuts—the Stockholm-based company’s third round of layoffs this year—to staff Monday.
Persons:
Emanuel Hahn, Daniel Ek
Organizations:
The Wall Street, Spotify
Locations:
Stockholm