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Spotify lays off about 30 in ad sales as the company restructures
Spotify laid off about 30 employees this week, primarily in ad sales, two sources familiar with the matter told Business Insider.
One of the sources said Spotify was restructuring and that the layoffs would allow it to invest in other, unspecified areas.
Spotify was profitable in the third quarter for only the second time in its history, with ad revenue up 29%, but missed internal revenue goals after switching from Google's DoubleClick Sales Manager to another platform.