16 days ago
Gizmodo
Spotify informed its employees on Monday that it will be cutting jobs this week, making it the latest in a wave of mass layoffs following hiring surges during the height of the c ovid-19 pandemic. The news comes after Ek told staff that the company would slow hiring by 25% in June of last year but said at the time that he didn’t plan on carrying out any layoffs, the Wall Street Journal reported. Although the company has taken cost-cutting measures over the last year, the savings haven’t been enough, leaving Ek with the difficult decision to reduce staff. G/O Media may get a commission Up to $100 credit Samsung Reserve Reserve the next gen Samsung deviceAll you need to do is sign up with your email and boom: credit for your preorder on a new Samsung device. Reserve at Samsung AdvertisementThe layoffs are expected to come this week, with the first round taking place on Monday, in addition to restructuring upper management levels.
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