$SPOT
🔸 Spotify stock rose 6.6% after the CEO of the music streaming service, Daniel Ek, said the company is planning to lay off 17% of its workforce, in a dramatic move aimed at reducing its costs and adjusting for a slowdown in growth
$SPOT
🔸 Spotify stock rose 6.6% after the CEO of the music streaming service, Daniel Ek, said the company is planning to lay off 17% of its workforce, in a dramatic move aimed at reducing its costs and adjusting for a slowdown in growth