[ad_1] Spotify CEO Daniel Ek emailed employees on Monday to inform them of the cuts. DON EMMERT/AFP via Getty Images Spotify is laying off about 1,500 more staff members. This…
Tag: Layoffs
Sea’s Path to Profit Paved With Layoffs, Single-Ply Toilet Paper
[ad_1] Singapore’s Sea Banned Business-Class Flights, Luxury Perks to Cut Costs Bloomberg [ad_2] Source link
After layoffs, once-hyped Seattle online retailer is shutting down
[ad_1] Seattle-based online retailer Zulily appears to be shutting down for good, according to statements on the company’s website on Saturday. “All sales are final during Zulily’s going-out-of-business sale,” the…
Opinion: Spotify’s layoffs indicative of smart, responsible leadership
[ad_1] Open this photo in gallery: A trading post sports the Spotify logo on the floor of the New York Stock Exchange on April 3, 2018.Richard Drew/The Associated Press Gus…
ArcelorMittal South Africa lays off 3,500 workers, set to close long steel unit
[ad_1] ArcelorMittal South Africa Ltd on Tuesday said it plans to shut down its long steel operations due to weak demand and persistent infrastructure problems, which will result in layoff…
Gilead cuts 7% of staff at Kite Pharma unit as ‘refreshed business strategy’ introduced
[ad_1] Gilead Sciences’ Kite Pharma cell therapy unit is undergoing a business review that will result in layoffs to about 7% of the organization’s workforce. In a letter sent to…
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
[ad_1] Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly…
Spotify to slash 17% jobs to cut costs
[ad_1] Music streaming giant Spotify will slash 17% of its workforce as the Swedish audio company looks to narrow the gap between its financial goals and current operational costs. “To…
Big banks announce layoffs and more bad loans as TD, Royal and CIBC post quarterly results | CBC News
[ad_1] Three of Canada’s biggest lenders posted quarterly earnings on Thursday, and as was the case at Scotiabank earlier in the week, they’re all putting a lot more money aside…