Spotify to Slow Its Hiring by 25%

This post first appeared on WSJ.com: Business on . You can read the original article here.

Spotify Technology SA will slow its hiring by 25%, Chief Executive Daniel Ek told employees in an email Wednesday, according to a person familiar with its contents.

The announcement, which echoes comments made by the streaming giant’s finance chief at Spotify’s investor day last week, is the latest signal that companies are bracing for a possible recession amid rising interest rates and soaring inflation.