Previous close | 17.02 |
Open | 17.90 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 175.00 |
Expiry date | 2024-06-21 |
Day's range | 17.00 - 17.90 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Spotify says it's axing 17% of its global workforce, the music streaming service's third round of layoffs this year as it moves to slash costs while focusing on becoming profitable. In a message to employees posted on the company's blog Monday, CEO Daniel Ek said the jobs were being cut as part of a “strategic reorientation.” Spotify had used cheap financing to expand the business and “invested significantly” in employees, content and marketing in 2020 and 2021, the blog post said.
The latest investor updates on stocks that are trending on Monday.
The technology firm said it will axe 17% of its workforce to be more efficient in the face of slower growth.