Spotify to cut 600 jobs after CEO admits to expanding too quickly

The music streaming service Spotify has said it is cutting about 600 jobs, as it became the latest big tech company to admit it expanded too quickly during the coronavirus pandemic.

Spotify has 456 million monthly users. Last year the No 1 most streamed artist on the platform globally was Bad Bunny, followed by Taylor Swift, Drake, The Weeknd and BTS.