Dream - Spotify will lay off 1,500 employees to reduce costs. This is the third round of layoffs in 2023. In his announcement, Spotify CEO Daniel Ek stated that there will be significant changes in the company's music streaming strategy.

The following is the translation of the provided 'Bahasa' text to 'English' while preserving any html tags: "Significant changes have been made to make the company more efficient. Spotify has carried out massive recruitments and massive spending that helped it gain tens of millions of customers, but unfortunately, this strategy did not make the company consistently profitable."

"We still have a long way to go before becoming productive and efficient... we need to be smarter," said Ek. "This is not a step back, it is a strategic reorientation... This reduction will require us to change our way of working, and we will share more about what this means in the coming days and weeks," Ek continued.

"However, considering the gap between our financial targets and current operational costs, I have decided that taking substantial measures to adjust our cost size is the best option to achieve our goals," he added. "To be honest, many intelligent, talented, and hardworking people will leave us," he continued.

"Despite being laid off, employees will receive an average severance pay of around five months. Previously, Spotify, which employed over 9,000 people, had laid off more than 500 employees in January 2023. And in June 2023, Spotify trimmed 200 employees from its podcasting unit."