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.
For travelers trying to reach their destinations during the storm-tossed holiday season last year, there was no problem identifying the Grinch who stole Christmas: It was Southwest Airlines. Southwest, it may be recalled, canceled or delayed more than 16,900 flights between Dec. 21 and Jan. 2, stranding more than 2 million passengers. The meltdown kept…
Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a US investigation into its employees’ handling of big stock sales, Bloomberg News reported on Thursday. The penalty, expected to be announced in the coming days, will be divided between the Justice Department and the Securities and Exchange Commission, the report said, citing people with knowledge of…
Updated Jan. 9, 2024 8:22 pm ET Since acquiring Business Insider nine years ago, Axel Springer has largely steered clear of intervening in the news outlet’s editorial operations, even when high-profile people objected to unflattering articles about them. That hasn’t been the case in recent days. Copyright ©2024 Dow Jones & Company, Inc. All Rights…
On the Shelf Two versions of the tech future Wrong WayBy Joanne McNeilMCD, 288 pages, $18 The Techno-Optimist ManifestoBy Marc Andreessen If you buy books linked on our site, The Times may earn a commission from Bookshop.org, whose fees support independent bookstores. You could be forgiven for thinking the robots have taken over already. Your…
Listen to article (2 minutes) After Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted, it resorted to the nuclear option. The insurance giant threatened last fall to stop renewing auto insurance for customers in three states that hadn’t given in to its demands, which would have left…
Regina Lim Lee was born on Aug. 21, 1961. Her father, Albert Chin Lee, an immigrant from China’s Guangdong province, served in the US Army and later brought over his spouse, Susie, upon completing his service. They had four children, with Regina being the youngest. Raymond, the second oldest, recalled a blue-collar upbringing. The family…