Spotify cuts 6% of workforce, content material chief to depart as CEO Ek stresses ‘effectivity’
Layoffs have hit music streaming large Spotify (SPOT). The corporate introduced plans to chop 6% of its workforce, or about 600 workers, early Monday, a transfer that comes after a difficult 2022 for the enterprise that noticed Spotify inventory lose greater than two-thirds of its worth. Along with employees cuts, Spotify introduced an government reshuffling, […]
Paramount World sinks as CEO warns of weaker fourth quarter outcomes
Paramount World (PARA) inventory sank extra 8% in afternoon buying and selling on Tuesday after CEO Bob Bakish warned a weakening promoting market will possible...
Polestar CEO doesn’t need the corporate’s first e-bike to be a ‘advertising and marketing stunt’
Polestar is making its personal e-bike. In a latest interview with The Verge, Polestar CEO Thomas Ingenlath confirmed that the corporate was engaged on a...