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The Latest Breaking News from Spotify

Spotify CEO Daniel Ek eyes elusive profits

His focus is on the bottom line, but he doesn't plan to pull back on audiobooks.

Axios

Dow Jones Reverses Lower Ahead Of Fed Meeting; Caterpillar, Exxon, Pfizer, McDonald's Fall On Earnings

The Dow Jones reversed lower Tuesday, as the Fed's two-day meeting kicks off today. Caterpillar, Exxon and Pfizer dropped on earnings.

Investors Business Daily

Universal Music in talks with big platforms to overhaul streaming model

Group looks into options such as cracking down on bots and adding ‘superfan’ subscriptions

Financial Times

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Trends like rage applying and quiet quitting stem from a broken workplace, says a future of work expert

The growing gap between workers and bosses is deepening, says Sheela Subramanian, co-founder and VP of Slack’s Future Forum.

Fortune

Donald Trump Jr ridiculed as he falls for parody Twitter account calling for Aretha Franklin ban

‘It’s not about equality of existence. It’s whatever they deem to be inappropriate,’ Donald Trump Jr says

The Independent UK

The ex factor: Miley Cyrus smashes records with breakup anthem

Shakira and SZA have also found recent chart success with songs celebrating female empowerment

The Guardian - UK

How to prepare for a potential layoff

In the current climate, no job is secure. Here's how to emotionally, financially and professionally prepare if you're worried your job is next on the chopping board.

Fortune

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The National's weekly podcast is now available on Spotify

THE National's new weekly podcast is now available to listen to on Spotify.

The National (Scotland)

Curbing cow burps to help the planet

BUSINESS DAILY – Tuesday, 24.01.2023: We discuss how Microsoft is to invest billions in the artificial intelligence firm OpenAI, which created the software ChatGPT. In other business news: Spotify unveils mass layoffs, France decides not to request an exemption for neonicotinoids and finally, Bill Gates invests in an Australian company…

France 24

Spotify Lays Off 6% of Staff As Gross Margins Slump and ROIC Turns Negative

Recessions shine a light on weak companies, and SPOT may be serving as a reminder of that principle today.

StockNews.com

Spotify joins Amazon, Google and Microsoft in announcing job cuts

The music streaming giant is the latest tech company to sort to staff lay-offs

Wales Online

Spotify to cut 600 jobs after CEO admits to expanding too quickly

Music streaming service becomes latest tech firm to announce cuts after pandemic overexpansion

The Guardian - UK

Spotify latest tech name to cut jobs, axes 6% of workforce

Music streaming service Spotify says it’s cutting 6% of its workforce, becoming yet another tech company resorting to layoffs as the economic outlook worsens

The Independent UK

Millions of Amazon customers who stream music will face price hikes next month

The multinational tech company has announced that further price rises are coming to subscriptions like Prime Music - here's who will have to pay more.

Chronicle Live

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The Independent UK

Tech industry job cuts come rapidly and in big numbers

In just the past month there have been about 50,000 job cuts across the technology sector

Evening Standard

Spotify slashes 6% of workforce after revenue growth slows

The music streaming service has over 600 employees in the UK

Al Jazeera

Spotify to announce layoffs as soon as this week: Bloomberg

Swedish audio streaming giant reportedly planning job cuts after recent layoffs at Apple, Google, Microsoft and Amazon.

Daily Mirror

Prince Harry 'made £16m’ for memoir book Spare after £106m in Spotify and Netflix deals

The lucrative tie-ups have kept the couple financially sound since leaving the royals but their financial losses have been recouped by several deals with media firms which Harry and Meghan in the money

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news in one place.

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Fortune

Jamie Dimon says remote work ‘doesn’t work’ for bosses, young workers, or ‘spontaneity'

But it does work for women, the JPMorgan chief added.

The Independent UK

Miley Cyrus song rumoured to be about Liam Hemsworth breaks Spotify record with 100 million streams in a week

The track was released on Hemsworth’s birthday

The Independent UK

10 things Nineties teenagers used to do that Gen Z will never have to endure

As Netflix inspires widespread nostalgia via its new sitcom ‘That ’90s Show’, Ellie Muir explores the Nineties tropes that modern teenagers look at with envy... and a few they’re grateful have died out

USA Today Sports Media Group

Podcast: Saints’ lack of urgency is justifiably irking the fanbase

Podcast: The Saints' lack of urgency is justifiably irking the fanbase, while things heat up in the Sean Payton sweepstakes

Mic

The real reason Shakira’s “BZRP Music Session” is hitting so hard

The record-smashing reclamation banger has hidden nuances tucked into its Spanish lyrics.

The Independent UK

Scientists keep time on music that helps people sleep

Experts analysed more than 200,000 tracks from nearly 1,000 playlists on Spotify associated with sleep.

Evening Standard

Spotify blasts ‘immeasurable harm’ caused by Apple to consumers in letter to EU competition commissioner

The music streaming firm has co-signed a letter to the EU with email business Proton and music streaming service Deezer

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