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.
Unite Here Local 11 has reached a tentative agreement with a 10th hotel, marking continued momentum in the contract campaign it began earlier this year. The deal with the Beverly Wilshire was reached days after the union nailed down agreements with two other major Beverly Hills hotels, the Beverly Hilton and the Waldorf Astoria. It…
Updated Jan. 7, 2024 8:58 pm ET The last thing Boeing needed was more trouble with its 737 MAX jet. That is exactly what it got to start the new year. The company had just started to regain its footing after years of tumult around the popular but troubled line of narrow-body jets when a…
Chatty, irreverent and engaged, JS was more than a magazine – it shaped an Indian cosmopolitanism.
Bankrupt regional sports network Diamond Sports got a few extra innings to work out a streaming deal with Amazon after a bankruptcy judge delayed the embattled company’s showdown with Major League Baseball. The nation’s largest RSN, which operates under the Bally’s name, owns the broadcast rights to half the NBA teams, a third of NHL…
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters House Republicans are pressing the IRS for answers after the agency paused processing new claims for a pandemic-era small business tax break. Lawmakers voiced “continued concerns” about the…
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…