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The Latest Breaking News from Spotify

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

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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

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

The Independent UK

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Spotify slashes 6% of workforce after revenue growth slows

The music streaming service has over 600 employees in the UK

Evening Standard

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.

Al Jazeera

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

Daily Mirror

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

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

Fortune

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

The Independent UK

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

USA Today Sports Media Group

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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

Daily Mirror

Expert shares warning signs and advice for parents after report of child groomed on Spotify

Gabriella Russo, former NSPCC manager, suggests steps parents can take to help ensure their child's safety online and the warning signs children should know about

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Tribune News Service

Minnesota indie bands fight for rights to '90s recordings: 'We get the runaround'

MINNEAPOLIS — In an era when musicians earn notoriously scant money from dominant digital streaming services such as Spotify, a new point of frustration is emerging for Minnesota rock acts — the unavailability of music that fans actually want to buy.

Daily Mirror

Shakira earns staggering amount of money from song slamming ex Gerard Pique

Gerard Pique mocked ex Shakira after the release of her new single - "BZRP Music Sessions Vol 53" - but the Grammy winner will not be too concerned after making a fortune

The Guardian - AU

Mark Seymour: Sweet Thing by Van Morrison is the most perfect song of all time

The ‘agonisingly beautiful’ song from 1968’s Astral Weeks inspired the Hunters & Collectors singer to write love songs – and continues to taunt him

Salon

Even Taylor Swift's cats are capitalists

It's bizarre how conditioned we are to spend money on Swift. Could the future be feline?

USA Today Sports Media Group

Broncos Wire podcast: Latest updates from head coach search

Who should the Broncos hire as their next head coach? Ryan O’Leary and Jon Heath discuss that on this week's podcast. Listen in! 🏈📻🔈

Tribune News Service

Here’s how to create your ultimate workout playlist

Not only does a great playlist make working out a lot more fun, but it also helps the time go by.

Evening Standard

Musicians making ‘pitiful’ returns on streaming, MPs say

There needs to be a ‘complete reset’ of the streaming market, according to the DCMS committee

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