Spotify to chop almost 20% of its workforce regardless of turning £55m revenue in newest report
Popular music-streaming app Spotify will lower virtually a fifth of its workforce regardless of turning a revenue of €65m (£55.7m), based on its newest figures.The agency's newest spherical of job cuts will have an effect on round 1,500 folks - which is 17% of its present complete of 9,300 workers.
It's the third spherical of job losses on the streaming agency this yr, with 200 staff let go in June and one other 600 in January.It's not clear what number of roles can be affected within the UK, however 881 persons are employed by Spotify within the nation, which might recommend round 150 jobs could also be in danger.This comes after the corporate posted a revenue within the three months to September - its first quarterly revenue in a yr - after bumping up costs and reporting a ...









