Sunday, October 20

Tag: SPOT

The Companies Conducting Layoffs in 2023: Here’s the List
14Dec By adminNo Comments
World

The Companies Conducting Layoffs in 2023: Here’s the List

Updated Dec. 14, 2023 12:04 pm ETAfter a rash of layoff announcements at the beginning of the year, some companies are cutting jobs as 2023 winds down and a strong labor market shows signs of cooling. Tech-industry layoffs, which dominated at the start of 2023, included Facebook parent Meta Platforms, Google parent Alphabet and Microsoft. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year
4Dec By adminNo Comments
World

Spotify to Lay Off 17% of Staff, Its Third Round of Job Cuts This Year

Spotify is preparing to lay off 17% of its workforce or about 1,500 employees, as the company accelerates its profitability push.Chief Executive Daniel Ek announced the job cuts—the Stockholm-based company’s third round of layoffs this year—to staff Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Spotify Hit All the Right Notes
24Oct By adminNo Comments
Money

Spotify Hit All the Right Notes

Oct. 24, 2023 12:10 pm ETSpotify’s position as a middleman doesn’t always win it a lot of fans. But as the music streamer’s latest results show, that position isn’t as precarious as it seems. Spotify said Tuesday morning that it added six million new paying subscribers during the third quarter, which was well over the four million the company had forecast three months ago. It projected adding nine million new paying subscribers in the fourth quarter, topping the eight million analysts had been projecting. The company also predicted that it would end the year with more than 600 million monthly active users—a mix of paying subscribers and those listening to the service’s free, ad-supported tier. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cd...
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