About six percent of the company's workforce, or roughly 600 jobs, will be cut, and its chief content and advertising business officer will also depart as part of a broader reorganisation.
Sweden-based audio company did not specify how many employees it will layoff.
The deviation from Apple's long-held 99 cent price floor comes as the Silicon Valley titan fends off accusations of having a monopolistic grip on the App Store that acts as the lone gateway onto iPhones.
The Sweden-based company had 422 million users at the end of the first quarter of 2022, making it by far the world's most frequented audio platform.
Young's criticism come a day after Spotify CEO Daniel Ek told his staff that while he condemned the slurs used by Joe Rogan, the company would not be silencing him.
The singer had requested the Swedish company to remove his music as he opposed to "lies being sold for money," referring to Rogan spreading misinformation about Covid-19 vaccines on his podcast.
Services like Etsy, Google Cloud and Pokemon Go were also disrupted, tracking websites show.
Multiple outages cripple social media, government and websites, including Guardian, FT.com, Reddit and Amazon, across the world caused by a failure at Fastly, a US-based cloud computing services provider.
EU executive Commission says it objects to Apple’s way of doing business, which allegedly squeezes out rivals like Spotify and ends up costing its music streaming consumers more. Apple has rejected accusations.
Swedish music streaming giant routs Wall Street estimates for first-quarter revenue and paid subscribers, recording a net profit of $27.8M as revenue rose by 16 percent year-on-year to $2.6 billion.
However, the Rolling Stones, Elton John, Neil Young and Queen are some of the artists to have threatened suits against the Trump campaign for using songs without their consent.
Music streaming service to begin offering free and subscription services in 13 new markets. Strong growth during the global pandemic convinced Spotify to move ahead with the launch plans, executives said.
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