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Spotify to cut nearly 20% of its workforce despite turning £55m profit in latest report | Science & Tech News
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Popular music-streaming app Spotify will cut almost a fifth of its workforce despite turning a profit of €65m (£55.7m), according to its latest figures. The firm’s latest round of job cuts will affect around 1,500 people – which is 17% of its current total of 9,300 employees. It’s the third round of job losses at…