Spotify Axes 17% Of Workforce In Third Round Of Layoffs This Year

The music streaming service hopes the cuts, which amount to about 1,500 people, will help it become profitable.

The music streaming service hopes the cuts, which amount to about 1,500 people, will help it become profitable.
Not all business decisions announce themselves with immediate feedback. Some don’t move numbers, spark reactions, or justify themselves in the short term. They sit quietly in the background, unnoticed, sometimes even questioned. And yet, these are often the decisions that shape whether a business holds together over time. The hardest decisions to make are the…
A shift in demographics. Affordable apartments transformed into luxury condos. A coffee shop called something like “Brew Slut.” The signs of gentrification take many forms. A newly opened art gallery can serve both as a communal space and a harbinger of the displacement to come. Remodeled homes might boost a street’s curb appeal but then…
As environmental concerns become increasingly urgent, businesses are under growing pressure to adopt sustainable practices. In 2024, sustainability is not just a buzzword but a crucial component of strategic planning and operational efficiency. By implementing sustainable practices, companies can reduce their environmental footprint, enhance their brand reputation, and drive long-term growth. This blog post explores…
The global startup ecosystem is often associated with billion-dollar valuations, flashy apps, and disruptive innovations. But beyond the headlines, a new wave of entrepreneurs is reshaping technology with a deeper mission: solving humanity’s toughest challenges. These “tech for good” startups are proving that profit and purpose can coexist, particularly in the areas of health, education,…
Business & Finance 21 November 2023, 2:14 pm 1 minute Reuters exclusively reported that India’s Jindal Power Ltd, the only company whose expression of interest to take over Go First was accepted by creditors, has decided to not follow through with a bid, three people familiar with the plans said, pushing the insolvent airline closer…
Business & FinanceGovernment 14 December 2023, 5:25 am 1 minute Reuters exclusively reported that Austria is seeking to have Raiffeisen Bank International, the biggest Western bank in Russia, struck off a Ukrainian blacklist in return for signing off fresh European Union sanctions on Russia, said two people familiar with the situation. Market Impact Raiffeisen’s presence…