About 160 people will lose their jobs at Microsoft’s ZeniMax Media in Rockville as part of the company’s recent cuts.

Spotify, once the undisputed leader of the music streaming world, is now facing a major crisis. Despite its dominance, Spotify’s business model is failing. From constant price hikes to mass layoffs, ...

In that same year, Spotify experienced three rounds of layoffs, including a December round that axed 17% of the company’s global workforce. The Associated Press contributed to this report.

You lay off 17% of your organization, and you’re shocked that it impacted the day-to-day operations?” @the_corporate_escapee Spotify CEO shocked by negative impact of recent layoffs.

Spotify currently has 7,721 full-time employees globally, before the layoffs, it reportedlyhad 9,123 employees. Ek is not the first CEO to flag the high price of workforce reductions.

Daniel Ek said Spotify underestimated the impact of laying off 1,500 people in December. "It took us some time to find our footing," Ek told investors in an earnings call. The streaming giant had ...

In 2023, Spotify turned a ton of their employees into former employees via layoffs that impacted about 2,300 people. The biggest of those cuts was a round of layoffs that was announced in December ...

After a year of heavy layoffs, podcast restructuring, and price raising, Spotify reported better-than-expected fiscal Q1 2024 earnings, achieving a profit as part of its ongoing “efficiency ...

Spotify started last year with some 600 layoffs, killed several hundred more jobs in the summer, and ended the year by laying off some 1,500 employees. CEO Daniel Ek labelled the massive job cuts ...

Epic Games layoffs Epic Games laid off 16 percent of its employees, or about 830 employees. In an open letter to employees, CEO Tim Sweeney said the company was spending "way more money" than it ...

Audio streaming giant Spotify posted better-than-expected subscriber gains as part of its fourth-quarter and full-year 2023 earnings report on Tuesday. It also reported a narrowed fourth-quarter ...