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.
Similar Posts
Shell Flags Earnings Hit of Up to $4.5 Billion From Impairments
Updated Jan. 8, 2024 5:44 am ET Shell said its fourth-quarter earnings took a hit of between $2.5 billion and $4.5 billion in impairments that were offset by significantly higher gas trading, while its overall production volumes are on track to meet targets. The London-based energy giant said Monday that the impairments were primarily driven…
Falling mortgage rates lend a helping hand to home buyers
Mortgage rates fell for the eighth consecutive week, giving cash-strapped home buyers some relief as the new year approaches. The average interest rate on the popular 30-year fixed mortgage clocked in at 6.67% for the week ended Dec. 20, down from 6.95% a week earlier, according to data released Thursday by mortgage giant Freddie Mac….
Jet accident probe expands to include Boeing supplier
Comment on this storyComment Add to your saved stories Save As authorities probe Boeing’s safety protocols as part of their investigation into what went wrong with a flight that blew a hole midair last week, the role of a major supplier is also coming into focus: Spirit AeroSystems. The Kansas-based company, which is far less…
This Is How Americans Really Feel About Tipping — And It May Surprise You
If you feel like you’re expected to tip more often these days but no longer know what the guidelines are, you have plenty of company out there. Most U.S. adults believe the expectation to tip has increased in the last few years, yet they feel a lot of uncertainty about when to leave gratuities and…
Tesla’s response to the DMV’s false-advertising allegations: What took so long?
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…
Are you a Stanley or Hydro Flask person? What your water bottle says about you
If you’ve spent any amount of time on TikTok or talking to your 12-year-old niece, you’ve probably heard of the Stanley cup by now. The 40 oz. insulated tumbler with a handle has led to long lines, fights and a crazy resale market. We’re only 11 days into the new year, and already some marketers…
