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Spotify will reduce its workforce by 6 percent

In an effort to prepare for a possible recession, music streaming company Spotify Technology announced on Monday that it is planning to lay off 6% of its employees. This is approximately 600 jobs, adding to the glut of layoffs in the…

40 percent revenue drop at Twitter amid ad squeeze

According to reports, Twitter continues to be in the midst of an advertising squeeze. This is because the social media platform has seen a 40% reduction in revenue after over 500 clients ceased spending on the platform. Twitter’s daily…