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 reduction is much higher than previously reported and a quarter of the cuts will take place in the UK.
The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft. The plans include new legislation designed to increase the penalties for retail crime offenses and more funding for police departments and district attorney’s offices…
A federal court temporarily lifted a sales halt on two higher-end models of the Apple Watch ordered by the International Trade Commission due to a patent dispute.
President Biden says the agreement “clears the way” for Congress to avoid a government shutdown.
Astrobotic’s Peregrine lunar lander is seen during preparations for launch near NASA’s Kennedy Space Center in Florida. United Launch Alliance Pittsburgh-based Astrobotic’s inaugural lunar mission suffered a malfunction shortly after launch, and the company is calling off the landing attempt. It would have been the first U.S. moon landing in more than 50 years. Astrobotic…
“Furthermore, by their own admission, the Abu Dhabi investor has no editorial experience or interest in getting involved unlike Rupert Murdoch, who is a journalist down to his fingertips or previous owners of the Telegraph, such as Conrad Black, and indeed the current ownership,” he added.