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New York, NY - In a strategic move aimed at streamlining its operations and optimizing costs, Spotify, the music streaming giant, has announced a significant round of layoffs. CEO Daniel Ek revealed on Monday that the company is set to part ways with approximately 17 percent of its workforce.
This latest downsizing initiative comes as part of Spotify's ongoing efforts to recalibrate its organizational structure. In an internal email addressed to the company's staff, Ek acknowledged that Spotify had expanded its workforce considerably during 2020 and 2021. In response to this overgrowth, the company is now undertaking. . .
