But
| Use attributes for filter ! | |
| Ceo | Alexandre Falck |
|---|---|
| Founders | André Venturini |
| Founded | Le Havre |
| France | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2324552 |
About But
Spotify to axe 1,500 workers to save costs
... " I recognize this will impact a number of individuals who have made valuable contriButions" " To be blunt, many smart, talented and hard-working people will be departing us...
Glenys Kinnock: The political spouse who became a force in her own right
... " Neil Kinnock was to become widely acknowledged as a great public speaker, But he admitted that as a student he made no contriBution to the university debating society until " she turned up" and said she quite liked people debating...
South Africa: The region where political violence is on the rise ahead of elections
... Thembinkosi Lombo may not have known the man who gunned him down - But he may well have known the person who ordered the hit...
A young couple's ordeal captivates Chinese internet
... " But the video has since been deleted, and his Weibo account has been banned from posting...
XL bully ban: Fears move could increase dog attacks
... Mr Martin, a vet of 26 years, said he understood why the UK government had taken action, But was concerned about unintended consequences of the ban, which requires XLs to be muzzled and kept on a lead in public...
Therese Coffey: Brain abscess from stress left me close to dying
... Ms Coffey remembered first noticing symptoms and feeling not " quite myself" around this time, But brushed it off as brain fog...
Christmas Trees: Are we decorating too early?
...By Julia BrysonBBC NewsWhen it comes to decorating for Christmas, there are no set rules - But how early - or late - do people start to trim their tree? It seems everyone has an opinion on just when is the right time to bring out the festive decor...
Could X go bankrupt under Elon Musk?
... He said something that, in hindsight, was rather revealing, But which passed me by at the time...
Spotify to axe 1,500 workers to save costs
By Nick EdserBusiness reporter
Swedish music-streaming giant Spotify has announced it is cutting 17% of its workforce, about 1,500 jobs, as The Company seeks to clampdown on costs.
Chief executive Daniel Ek said he had made the " difficult" decision with Economic Growth slowing " dramatically".
Spotify employs about 9,000 people, and Mr Ek said " substantial action to rightsize our costs" was needed for The Company to meet its objectives.
He added he understood the cuts would be " incredibly painful for our team".
" I recognize this will impact A Number of individuals who have made valuable contributions" " To be blunt, many smart, talented and hard-working people will be departing us. "
But the plans announced on Monday dwarf those previous plans.
In its latest results, Spotify had reported a profit of €65m (£55. 7m) for the three months to September - its first quarterly profit for More Than a Year - helped by price rises and higher subscriber numbers.
Mr Ek said that given the recent " positive" results, The Job cuts being announced " will feel surprisingly large" for many people.
He Said Spotify had considered making smaller reductions during 2024 and 2025, But decided that more drastic action was needed to improve The Company 's finances.
Since it launched, Spotify has spent a lot of money on growing The Business , and in securing exclusive content such as podcasts created by the likes of Michelle and Barack Obama as well as The Duke and Duchess of Sussex.
The Deal with Harry and Meghan cost a reported $25m (£19. 7m) and saw just 12 episodes delivered over two and a half years before The Deal ended in June.
Commenting on podcast content, Mr Ek told The Bbc in September : " The Truth of The Matter is some of it has worked, some of it hasn't. "
Related TopicsSource of news: bbc.com
