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Spotify cuts around 1,500 jobs as growth slows
Spotify cuts around 1,500 jobs as growth slows
Technology
by  AFP

Music streaming giant Spotify said Monday it would reduce its number of employees by around 17 percent in a bid to cut costs amid "dramatically" slower economic growth. Ek said the company now finds itself in a very different environment, noting that "economic growth has slowed dramatically and capital has become more expensive."