Spotify Latest Tech Name to Cut Jobs, Axes 6% of Workforce

Spotify Latest Tech Name to Cut Jobs, Axes 6% of Workforce
The Spotify app is shown on an iPad in Baltimore on March 20, 2018. The Canadian Press/AP, Patrick Semansky
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Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens.

CEO Daniel Ek announced the restructuring in a message to employees that was also posted online.