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Evening Standard
Evening Standard
Business
Simon Hunt

Spotify slashes 6% of workforce after revenue growth slows

(Andrew Matthews/PA)

(Picture: PA Archive)

Spotify has slashed 6% of its global workforce after the firm said its operational costs outpaced its revenue growth.

The music streaming service said it would begin holding one-to-one conversations with affected employees, who will receive 5 months of severance pay on average.

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