Spotify plans to lay off ~17% of its workforce, or ~1,500 staff, to "rightsize" its costs, after cutting 6% in June, citing slow growth and rising capital costs (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:

Spotify plans to lay off ~17% of its workforce, or ~1,500 staff, to “rightsize” its costs, after cutting 6% in June, citing slow growth and rising capital costs  —  Spotify is eliminating about 17% jobs, its third round of layoffs, as the music streaming looks to become “both productive and efficient.”