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.
The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7, 2024. NTSB | Via Reuters Boeing has given airlines instructions on…
Hey there, world travelers and global citizens! Today, we’re taking a fascinating journey across continents to explore the economic powerhouses that are shaping the global landscape in 2024. From bustling metropolises to scenic landscapes, these countries are not only leading the charge in economic growth but also setting the pace for innovation, entrepreneurship, and prosperity…
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…
After a few years of hefty pay increases, American workers can expect solid but not spectacular raises in 2024. On average, companies are planning for salary increases of 4% in 2024, according to a December survey of more than 1,800 employers by advisory firm Willis Towers Watson. That is down from the 4.4% raises that…
Seven years after Tesla released the automated driving feature it calls Full Self-Driving, the California Department of Motor Vehicles is pressing accusations of false advertising, with serious implications for the electric car maker. Tesla is defending itself by saying, in effect, that the DMV let the company slide for so many years, the case no…