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Tag: Tech industry slowdown effects

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Strategic Shifts: Spotify Initiates Workforce Cut of 17% Amid Profitability Pressures

TechAdmin Business Financial Sale World December 4, 2023

Industry Shakeup: Spotify Announces Layoffs, Trimming Workforce by 17% In a pivotal move, music streaming giant Spotify is set to reduce its workforce by approximately 17%, amounting to around 600 employees. This marks the third round of job cuts for the company this year, as it grapples with increasing pressure to achieve sustained profitability. Behind …

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