Money

Spotify to cut six per cent of workforce

Published

1 year ago

January 24, 2023

ticker NEWS

Spotify is set to to cut 6,000 jobs, or six per cent of its workforce, adding to the massive layoffs in the tech space over recent weeks

The Stockholm-based company had benefited from pandemic lockdowns because more people were looking to be entertainment, when they were stuck at home.

Ek indicated that the company’s business model – which had long focused on growth – had to evolve, and bring costs in line.

“To bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees,” Ek wrote.

Spotify made “considerable effort” to rein in the costs over the past few months, “but it simply hasn’t been enough,” he said.

Spotify saw businesses pull back on advertising as factors including soaring interest rates pressured global demand.

Layoffs have since picked up steam over the past few weeks, with Alphabet, Microsoft and Amazon axing jobs recently.

Money

Research key to investment success

Published

5 hours ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

7 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

Money

Unpacking crypto ‘prop trading’

Published

3 days ago

May 4, 2024

ticker NEWS

What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.