After another wave of tech sector layoffs, economists are speculating what the downturn means for the wider economy. See perspectives and analysis across the spectrum from DeanBaker13, CNBC, and FoxBusiness:
Spotify announced Monday it’s cutting 6% of its global workforce as the music streaming company contends with a gloomy economic environment that has seen consumers and advertisers alike limit their spending.
Spotify has a total workforce of around 9,800 people, which means the cuts impact about 600 employees. According to its LinkedIn profile, the company employs 5,400 people in the U.S. and 1,900 in Sweden.Spotify, which is based in Sweden but listed on the New...
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