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Spotify to Slow Its Hiring by 25%

Spotify Technology SA will gradual its hiring by 25%, Chief Executive Daniel Ek advised workers in an e-mail Wednesday, in accordance to an individual acquainted with its contents.

The announcement, which echoes feedback made by the streaming big’s finance chief at Spotify’s investor day final week, is the newest sign that corporations are bracing for a potential recession amid rising interest rates and hovering inflation.

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