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Spotify to Reduce Staff by 17% in 2nd Layoff this Year

FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic/File Photo
FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic/File Photo
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Spotify to Reduce Staff by 17% in 2nd Layoff this Year

FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic/File Photo
FILE PHOTO: Earphones are seen on top of a smart phone with a Spotify logo on it, in Zenica February 20, 2014. REUTERS/Dado Ruvic/File Photo

Spotify will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying off 6% of this staff in January citing higher costs.
In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.
CEO Daniel Ek told Reuters at that time the company was still focusing on efficiencies to get more out of each dollar.
On Monday, he said a reduction of this size will feel surprisingly large given the recent positive earnings report and its performance.
"We debated making smaller reductions throughout 2024 and 2025," CEO Daniel Ek said in a mail to employees.
"Yet, considering the gap between our financial goal state and our current operational costs, I decided that a substantial action to rightsize our costs was the best option to accomplish our objectives."

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Error Messages, Lengthy Online Queues Greet Fans Scrambling to Secure Oasis Reunion Tickets

FILE - Members of British rock band Oasis pose for photos ahead of a concert in Hong Kong, Feb. 25, 2006. From left are, Gem Archer, Noel Gallagher, Andy Bell, and Liam Gallagher. (AP Photo/Lo Sai Hung)
FILE - Members of British rock band Oasis pose for photos ahead of a concert in Hong Kong, Feb. 25, 2006. From left are, Gem Archer, Noel Gallagher, Andy Bell, and Liam Gallagher. (AP Photo/Lo Sai Hung)
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Error Messages, Lengthy Online Queues Greet Fans Scrambling to Secure Oasis Reunion Tickets

FILE - Members of British rock band Oasis pose for photos ahead of a concert in Hong Kong, Feb. 25, 2006. From left are, Gem Archer, Noel Gallagher, Andy Bell, and Liam Gallagher. (AP Photo/Lo Sai Hung)
FILE - Members of British rock band Oasis pose for photos ahead of a concert in Hong Kong, Feb. 25, 2006. From left are, Gem Archer, Noel Gallagher, Andy Bell, and Liam Gallagher. (AP Photo/Lo Sai Hung)

The sale of tickets for Oasis ’ reunion tour got off to a creaky start on Saturday as online platforms strained under demand from hundreds of thousands of fans, The Associated Press reported.
The Britpop-era behemoth led by brothers Noel and Liam Gallagher is scheduled to play 17 gigs — its first shows for 15 years — in Cardiff, Manchester, London, Edinburgh and Dublin starting July 4.
More than 1 million tickets are up for sale, at prices starting at about 74 pounds (just under $100).
Some people attempting to get onto the handful of authorized sales sites, including Ticketmaster and Gigs and Tours, received error messages, while many others were informed they were in a lengthy queue.
Some managed to buy tickets through a presale lottery on Friday. Within hours, tickets began to be offered on resale websites for as much as 6,000 pounds ($7,800).
Oasis issued a warning, saying tickets could only be resold at face value through authorized sites.
“Tickets appearing on other secondary ticketing sites are either counterfeit or will be cancelled by the promoters,” it said in a statement.
Oasis was one of the dominant British acts of the 1990s, producing hits including “Wonderwall” and “Don’t Look Back in Anger.” Its sound was fueled by singalong rock choruses and the combustible chemistry between guitarist-songwriter Noel Gallagher and singer sibling Liam.
Oasis split in 2009, with Noel Gallagher quitting the band after a backstage dustup with his brother at a festival near Paris.
The tour will begin July 4 and 5 at the Principality Stadium. Oasis will also perform at Heaton Park in Manchester, on July 11, 12, 16, 19 and 20; London’s Wembley Stadium on July 25, 26 and 30 and Aug. 2 and 3; Murrayfield Stadium in Edinburgh on Aug. 8, 9 and 12; and Croke Park in Dublin on Aug. 16 and 17.
Prices for the London, Cardiff and Edinburgh concerts range from about 74 pounds ($97) to just over 200 pounds ($260) for seats, and about 150 pounds (about $200) to stand. In Manchester, the cheapest tickets are 148 pounds ($195) to stand, with no seated option.
The costliest option is a 506-pound ($666) package for the London gigs that includes a pre-show party, admission to an Oasis exhibition, souvenirs and a “premium collectible item.”
Tickets for the Dublin shows start at 86.50 euros ($96) plus booking fee.
The host cities anticipate an economic boost to hotels, bars, restaurants and shops – especially Manchester, the band’s hometown and a city renowned for its musical heritage.
Sacha Lord, Manchester’s official nighttime economy adviser, said “there’s a big buzz” in the city about the reunion.
“This is a homecoming gig,” he said. “When they set foot on that stage for the first time, it’s going to be a really special moment.”