has become the latest tech giant to announce major layoffs with the streaming giant's CEO Daniel Ek announcing that around 1,500 staff are being cut due to its growth slowing 'dramatically.'The Swedish company currently has a staff of around 9,000 with Ek saying in a memo that cuts will 'rightsize our costs' while conceding that it would be 'incredibly painful for our team.' 'I recognize this will impact a number of individuals who have made valuable contributions. To be blunt, many smart, talented and hard-working people will be departing us,' Ek said.
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