Spotify plans to lay off ~17% of its workforce, or ~1,500 staff, to "rightsize" its costs, after cutting 6% in June, citing slow growth and rising capital costs (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:

Spotify plans to lay off ~17% of its workforce, or ~1,500 staff, to “rightsize” its costs, after cutting 6% in June, citing slow growth and rising capital costs — Spotify is eliminating about 17% jobs, its third round of layoffs, as the music streaming looks to become “both productive and efficient.”

http://www.techmeme.com/231204/p2?utm_source=dlvr.it&utm_medium=blogger#a231204p2

Sources: the US is exploring whether it has legal authority to review Elon Musk's Twitter deal, which gives large foreign investors access to confidential data (Washington Post)

Washington Post: Sources: the US is exploring whether it has legal authority to review Elon Musk's Twitter deal, which gives large foreign investors access to confidential data — Terms of the deal give large foreign investors access to confidential information about the social media platform https://bit.ly/3TYS0ix

SK Hynix says it has started mass producing its 238-layer 3D NAND flash memory chips, promising speeds of 2400MT/s, up from last gen's 176 layers and 1600MT/s (Anton Shilov/Tom's Hardware)

Anton Shilov / Tom's Hardware: SK Hynix says it has started mass producing its 238-layer 3D NAND flash memory chips, promising speeds of 2400MT/s, up from last gen's 176 layers and 1600MT/s — The new memory promises speeds of up to 2,400 MT/s. — SK hynix said late on Wednesday that it had begun mass production of its 238-layer … http://www.techmeme.com/230607/p39?utm_source=dlvr.it&utm_medium=blogger#a230607p39

Apple confirms that the Bluetooth AAC codec used by AirPods Pro and AirPods Max does not support Apple Music's new lossless streaming (Juli Clover/MacRumors)

Juli Clover / MacRumors: Apple confirms that the Bluetooth AAC codec used by AirPods Pro and AirPods Max does not support Apple Music's new lossless streaming — Apple today announced that starting in June, Apple Music songs will be available to stream in Lossless and Hi-Resolution Lossless formats … https://bit.ly/3uYdrDT

Network Support Blog