1500 Employees Wrap Up Their Time with Spotify in Its Third Round of Layoffs this Year

Tech Stories Tech Brief By HackerNoon

This story was originally published on HackerNoon at: https://hackernoon.com/1500-employees-wrap-up-their-time-with-spotify-in-its-third-round-of-layoffs-this-year.
Spotify faces its third round of layoffs, cutting 1500 employees (17% of its workforce) due to rising capital costs, despite positive Q3 results.
Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #tech-company-news-brief, #spotify-layoffs, #big-tech-layoffs, #tech-layoffs-2023, #netflix-gaming, #trending-tech-companies, #tech-company-rankings, #hackernoon-top-story, and more.
This story was written by: @ashumerie. Learn more about this writer by checking @ashumerie's about page, and for more stories, please visit hackernoon.com.
Spotify announces a third round of layoffs, letting go of 1500 employees (17% of its workforce) to manage rising operational costs, despite favorable Q3 performance. Netflix shakes up the gaming scene by securing the Grand Theft Auto Trilogy, slated for streaming on December 14, potentially propelling the streaming giant to new heights in the gaming industry.