'Too ambitious' | Spotify CEO accepts blame for financial woes, so why must staff take the hit?

Spotify CEO accepts blame for financial woes, so why must staff take the hit?

Spotify has announced it will cut 600 jobs in a bid to recoup some of its huge overspending in recent years.

The music streaming giant’s CEO Daniel Ek admitted the company had bitten off more than it could chew, and at times was spending twice as much money as it was making.

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