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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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Alfonso Cuarón, Cate Blanchett Bring Series ‘Disclaimer’ to Venice Film Festival 

Cast member Cate Blanchett poses on the red carpet during arrivals for the screening of the mini-series "Disclaimer", out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024. (Reuters)
Cast member Cate Blanchett poses on the red carpet during arrivals for the screening of the mini-series "Disclaimer", out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024. (Reuters)
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Alfonso Cuarón, Cate Blanchett Bring Series ‘Disclaimer’ to Venice Film Festival 

Cast member Cate Blanchett poses on the red carpet during arrivals for the screening of the mini-series "Disclaimer", out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024. (Reuters)
Cast member Cate Blanchett poses on the red carpet during arrivals for the screening of the mini-series "Disclaimer", out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024. (Reuters)

Alfonso Cuarón is the first to admit that he does not know how to make a television series. He might even be too old to learn how, he said.

The Oscar-winning filmmaker has technically now made a series, the seven-part AppleTV+ show “Disclaimer,” four episodes of which premiered Thursday at the Venice Film Festival. But he did it his way: Like a film.

Based on Renée Knight’s 2015 book of the same name, “Disclaimer” is a psychological thriller about a documentarian and journalist, Catherine Ravenscroft (Cate Blanchett), who discovers she’s a character in a novel that reveals her darkest secret.

Cuarón, Blanchett and Kevin Kline all made the journey to the Italian film festival to debut and speak about the show before it begins streaming on Oct. 11.

“I read the book and immediately in my mind I saw a film, but I didn’t know how to make that film,” Cuarón, the director of films including “Gravity” and “Roma,” said in a news conference Thursday. “It was way too long. I could not shape it as such.”

It was only later, he said, that he thought it might work in longer form, inspired by predecessors like Rainer Werner Fassbinder, David Lynch and Krzysztof Kieślowski.

“I was intrigued and that was the point of departure,” Cuarón said.

He started writing with one name in mind for Catherine: Blanchett, terrified that she might say no. Not only did she not say no, she also was the one who suggested Kline for a British character. Sacha Baron Cohen plays her husband in the show and Kodi Smit-McPhee plays her son.

All soon realized that approaching it as a film, and shooting it as a film, would take much longer than a normal series. He even enlisted two cinematographers, Emmanuel Lubezki and Bruno Delbonnel, to add a distinct visual language to the different perspectives in the story. All told, it took about a year.

“It was a really long process,” Cuarón said. “And I really feel for the actors because they were stuck with the characters for way too long.”

Blanchett laughed that they were “still recovering.”

The final three episodes will screen Friday at the festival. Though the festival is most known for its feature film premieres, it does play host to select series as well. This year those also include Joe Wright’s Mussolini biopic “M: Son of the Century,” Rodrigo Sorogoyen’s “The New Years” and Thomas Vinterberg’s “Families Like Ours.”