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Spotify faces the music after Daniel Ek wields the layoff axe—but is it smart cost-cutting or the beginning of a spiral? – Fortune

Spotify faces the music after Daniel Ek wields the layoff axe—but is it smart cost-cutting or the beginning of a spiral? – Fortune

 

If there were tremors after Spotify announced its biggest-ever cull of workers this week, they’re unlikely to have reached the company’s boardroom.The music streaming giant announced a shock round of layoffs Monday that it said would affect 17% of the group’s nearly 9,000 employees.… 

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