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 decades, migration patterns have pointed toward the world’s largest urban centers—New York, London, Tokyo, and other global capitals. But as costs rise, climate pressures mount, and technology enables more mobility, a new trend is emerging: migrants are increasingly choosing secondary cities as their destinations. These smaller but fast-growing hubs are reshaping economies, cultures, and…
To repurpose an old joke: How do you create a $15-billion company? Answer: First, start with a $44-billion company … Yes, we’re talking about Elon Musk and the fate of Twitter-now-X, the social media platform he bought in October 2022 and spent the subsequent year turning into a hive of antisemitism, racism and all other…
An Alaska Airlines plane takes off from Los Angeles International Airport (LAX) on December 4, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Alaska Airlines will temporarily ground its fleet of 65 Boeing 737 Max 9 planes after a section of the plane blew out midflight on Friday, forcing…
2024 Ford F-150 PowerBoost Platinum hybrid Ford DETROIT – Ford Motor’s U.S. sales increased about 7% last year, marking the automaker’s best sales since 2020 but coming in lower than the overall industry’s growth. Ford on Thursday reported sales of nearly 2 million vehicles in 2023, a 7.1% increase from the previous year. The company…
“Testing is important and extracting people who test positive is important, but people rely too heavily on testing. They’re lulled into a false sense of security by thinking that everyone on set is tested so they are safe, when the testing is only a snapshot. It’s just a moment in time,” the Warner Bros. employee…
The Supreme Court in Washington, D.C. Celal Gunes | Anadolu Agency | Getty Images As the Supreme Court starts a new term, experts are closely watching a case that could have sweeping effects on the U.S. tax code, including corporate revenue and future wealth tax proposals. This summer, the high court agreed to hear Moore…