Spotify is laying off 17% of its workforce, its third wave of cuts this year
The streaming audio giant is on pace to add more than 100 million users this year—its biggest year yet—and reported a rare profit last quarter. (Tiffany Hagler-Geard/Bloomberg)
The U.S. ad business lost jobs in May for the sixth month in a row. The overall economy added 139,000 jobs, showing modest but relatively steady growth despite worries about tariffs, inflation and recession.