Spotify is laying off 6 percent of employees

Spotify is laying off 6 percent of its workforce as part of a company-wide restructuring, CEO Daniel Ek wrote in a message to employees. The precise number of people who will lose their jobs wasn't provided, but the company employs around 9,800 people, according to its last earnings report. In addition, chief content officer Dawn Ostroff is stepping down as part of the changes, Ek said.