The streaming audio giant is on pace to add more than 100 million users this year, its biggest year yet. The company also reported a rare profit last quarter.
Spotify Technology said it will reduce headcount by about 17%, at least the third time this year the streaming service has cut jobs.
Impacted employees will be notified on Monday and meet with human resources by the end of the day on Tuesday, the music streaming company said in a statement. The cuts will affect about 1,500 people, a spokesperson said.
