Wall street loves a layoff – Breaking News & Latest Updates 2026
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Ariel Shapiro
Wall Street loves a layoff.

Spotify’s stock is currently up about 7 percent following the announcement that the company is laying off 17 percent of its staff. If CEO Daniel Ek is trying to appease investors with a new focus on efficiency, it is working. More than 1,500 of Spotify’s employees will be notified by tomorrow afternoon that they are out of a job.

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