Popular music streaming platform Spotify has decided to slow hiring by 25 per cent. The decision comes amid economic uncertainty in order to control expenses. The Chief Executive of audio service, Daniel Ek, said that hiring had been slowed but not completely halted.
Interestingly, the company’s share went up to 7.1pc after the decision was rolled out. Most recently, many tech companies got affected due to the inflation crisis.
In Pakistan, the commuting service Swvl suspended its services for intra-city travel. Careem also suspended its food delivery services in the country due to rising economic problems.