But now, after nearly six. Senior Policy Officer, Executive Office of the Secretary-General, United Nations New York, NY. Before joining Spotify, Söderström was the director of product and business development at Yahoo! Mobile. “This is just the beginning,” says Dawn Ostroff, Spotify chief content officer. She served as the Chief Executive Officer of NIO USA and Chief Development Officer of NIO Inc. Go to podcast. Spotify Technology SA ’s chief executive officer is engaged in a Washington charm offensive this week that he hopes will convince the US government to curb the power of his company’s nemesis. A. 1. Susan Li, Chief Financial Officer. 0:00. Spotify announced Farbman’s exit in an SEC filing yesterday (September 13), stating that the exec’s departure was ‘part of a broader effort to realign Spotify’s marketing organization’. In 2021, we made great strides toward creating a more equitable business for our band members, users, creators and partners. IT Information Library Foundations Certification (ITIL) The ITIL Foundations Certification course is designed for all IT service and support staff members. There were about 100 teams managing their systems, hosted in four geographical regions around the world. (639) stock's management team. After all, what’s more fun than sharing the music you love with the people you love. All right. As the global CTO, Suresh sets our technical strategy, combining advances in computing with Walmart’s strengths to deliver the best customer experiences. Fable’s mission is to deliver the world’s best social experiences with exceptional stories in service of mental wellness. “Because of her efforts, Spotify grew our podcast content by 40x, drove. Spotify shares have sunk about 50% over the past 12 months, compared with the S&P 500's. directly owns 7. Author, Analyst. Daniel Ek — Founder, Chief Executive Officer & Chairman Board of Directors. President & Chief Executive Officer. 2 years and 6. Its major subscription pricing plans include Family Plan, Student Plan and Duo Plan. Dispatches From Our 2021 Equity & Impact Report: Equity. June 26, 2018. A. Spotify Technology SA’s song-promotion feature may drive down musician wages, said House Judiciary Committee Chair Jerrold Nadler in a letter to Chief Executive Officer Daniel Ek. Dave Wehner. Location. NEW YORK--(BUSINESS WIRE)--Spotify Technology S. He’s then going to hand it over to a few others who will take you through the verticals in much more detail so you can get a better understanding of each one—how they work and what they mean from a. 6. Chief Development Officer (Executive Director) - Risk Technology Engineering & Architecture. By introducing streaming technology to podcasting, Spotify helped create audio. Full-time. on our social impact, we have the power to influence outcomes in a meaningful way. 3% of the company’s total shares. The chief content officer, Dawn Ostroff — a power player in Hollywood who joined Spotify in 2018 from Condé Nast Entertainment — agreed to leave as part of the reshuffle. 9% in early trading at 7:15 a. Meanwhile, its Chief R&D Officer, Gustav Soderstrom, and its Chief Freemium Business Officer, Alex Nortstrom, were both promoted to Co-President. Cassidy provides technical strategy and guidance to deliver high quality products and services to the USTP user community. Prior to co-founding E. ”. A. Welcome to ATARC’s Cloud and Coffee Series! This week’s guest is Mike Cassidy, Chief Technology Officer (CTO) within the Department of Justice (DOJ) in the. Earlier today, CEO Daniel Ek shared the following note about the company’s organizational changes with all Spotify employees. The company provides offline and online streaming access to music and podcasts catalog and also a music listening experience without commercial breaks. A. “We are still in the early chapters of the streaming audio industry story, but it is absolutely clear that the potential is significant,” Spotify chief content and advertising business officer Dawn Ostroff said. Spotify Technology SA is a digital music service offering music fans instant access to a world of music. Show. Soderstrom has spent 14 years at SPOT, and became. Spotify's Founder, Chief Executive Officer & Chairman is Daniel Ek. Daniel Ek, Spotify's 35-year-old CEO and cofounder, presented in a plain white t-shirt and sneakers. (NYSE: SPOT) announced today that Paul Vogel, Chief Financial Officer, will present at the Bank of America Securities 2021 Media, Communications. Walmart has hired former Amazon exec Suresh Kumar into a newly elevated role of chief technology and chief development officer, as the big. By. One guy who knows this all to well is Mike Lillis, Chief Commercial Officer at Storm Technology. He joined the Source Code podcast to talk about why audio was skipped over in the evolution of technology, how Spotify is trying to balance supporting an open ecosystem with building its own stuff, and how audio changes when you treat it like software. S Spotify Technology SA said on Monday it would cut its global workforce by 6% amid a broader leadership shuffle that includes the departure of Chief Content & Advertising Business Officer Dawn. Prior to joining Splunk, Gary was the founding. m. NEW YORK-- ( BUSINESS WIRE )--Spotify Technology S. Mihaela has recently led her team at Sharper Image through a full-blown migration from an enterprise monolith into a composable commerce setup. Chief Technology Officer (CTO. "The collaboration and co-innovation between Spotify and Google Cloud pushes the boundaries of what both platforms can do," said Tyson Singer, vice president, technology and platform at Spotify. Scott takes us on a journey through his remarkable efforts to. A. Chief content officer and advertising business officer. Chief R&D Officer Gustav Söderström lays out the benefits of a single user experience Joining the stage after Daniel, Gustav Söderström, Spotify’s Chief R&D. RÚV CTO Bragi Reynisson speaks with DPP Editorial Director Edward Qualtrough about his Chief Technology Officer role at the national broadcaster of. At Spotify, Ostroff oversees the company’s content businesses which includes music and podcasts as well as the platform’s global advertising business. USA TODAY. Maybe, I'll talk about the size of this and Paul can, kind of, chime in on the impact on. (NYSE: SPOT) announced today that Paul Vogel, Chief Financial Officer, plans to present at the 2023 Goldman Sachs Communacopia & Technology. Spotify Profile and History. Daniel Ek Founder, Chief Executive Officer & Chairman of our Board of Directors. Q1 2020 earnings call dated Apr. Gustav Soderstrom, Spotify's chief R&D officer and chief product officer, leads a team of thousands building the future the company imagines. it’s really all about growth,” Spotify Chief Executive Officer Daniel Ek said on a conference call after the release of the quarterly results. In 2016, Spotify appointed its first Chief Product Officer (CPO), Gustav Söderström. He founded Spotify Limited in 2006 and serves as its Chief Executive Officer. Company Description. co-president, chief product and technology officer at Spotify. About Carroll Moon Carroll has over 25 years of experience in the IT industry. linkedin /. Music streaming firm Spotify Technology said on Monday it plans to cut. BestMediaInfo Bureau Delhi, November 30, 2022. Average salary for Spotify Chief Technology Officer in New York City, NY: [salary]. Luca Baratta will resign as chief accounting officer of Spotify Technology SA effective Sept. Glasgow G2. Lead, Equity & Impact and Creator Equity @ Spotify | ADCOLOR 2023 Leader Washington, DC. For the last four years, he’s been at Spotify heading up Investor Relations and leading the FP&A (Financial Planning & Analysis) and Treasury teams. Spotify is the world’s most popular audio streaming subscription service with a community of more than 515 million Monthly Active Users and 210 million Premium. The company reported $0. Daniel Ek - Chief Executive Officer. Chief Technology Officer. As the Group CIO I lead the global team that makes it all happen. Team, As we say in our Band. Spotify is also the latest technology company to unveil big job cuts. Mihaela has recently led her team at Sharper Image through a full-blown migration from an enterprise monolith into a composable commerce setup. They -- the tech can come from commercial sector. “Joe has the No. Via a dual-class. Chief Technology Officer. Avvo, a Seattle online legal marketplace, is continuing its year of big growth by bringing in a new chief technology officer from the popular Spotify music service. Paul Sawyer, who is currently the controller of Spotify, will replace Baratta as the company's new accounting chief. Prelude believes in a bottom-up approach, working and talking with people who have first-hand experience in cyber security, to create a tool that focuses on impact. Shiva Rajaraman joined the company in August 2017 with a lengthy tech. See Katarina Berg's compensation, career history, education, & memberships. (SPOT) including business summary, industry/sector information, number of employees, business summary, corporate governance, key executives and. I. I'm Mike Wilson, Chief Investment Officer and Chief U. The chief content and ad business officer is transitioning to an adviser role as the audio company reorganizes its leadership ranks. Michael Madden is Chief Technology Officer for Beeline. Spotify to Lay Off 6% of Employees, Chief Content and Advertising Officer Dawn Ostroff to Exit. 83 years. FuboTV, the over-the-top live TV streaming provider, has tapped technology veteran Mike Berkley as. Katarina is overseeing the company’s new work-from-anywhere initiative for its roughly 60 offices and studios. We. January 16, 2020. , will succeed as CEO and president and will join the company's board. NEW YORK, August 07, 2023--Spotify Technology S. Ek’s compensation for 2022 amounted to $181,085 for home. He even spoke about a few top tier changes which included Spotify's chief content officer Dawn Ostroff leaving the team. The Royal Bank of Canada (RBC) has agreed to pay a $6 million penalty to settle U. Member of the original leadership team that introduced the. Advertisement. Central Command to serve as its first chief technology officer. We deliver world class solutions that underpin our core business. Want to hear more about how Spotify was built, straight from the people who built it? Spotify’s Chief R&D Officer, Gustav Söderström, shares the stories behind the most important product strategy lessons we’ve learned at Spotify, all told in the words of the people who were actually there. Joining the stage after Daniel, Gustav Söderström, Spotify’s Chief R&D Officer, provided a deeper look into that future from a product point of view. And so what I view my role as chief technology officer is very simple, which is to get the best tech available into the hands of the people who need it as quickly as possible, full stop. (SPOT) SPOT By: Jason Aycock, SA News Editor Spotify (NYSE: SPOT ) says in an SEC filing that its chief accounting officer is leaving the company . Gustav Söderström is Spotify’s Chief Research & Development Officer. Spotify Technology had a. John Lamparski/Getty Images. co-president, chief product and technology officer at Spotify. A. Spotify is led by a Board of Directors and a team of executives, known as ‘Management’, as is typical for larger organizations. We are very excited to announce the appointment of Dawn Ostroff as our new Chief Content Officer. A. Walters—who started his career as a musician—joined us at a recent Spotify for Artists Co. Spotify Technology S. 16. Press Release; 08/03/23; Press Release; WPP & Spotify announce first-of-its-kind global. The first step is a brief phone conversation with a Spotify recruiter. Join podcast host and Chief R&D Officer Gustav Söderström, and check out all the episodes right here. Spotify, the audio streaming platform, is laying off 6 percent of its work force, or about 600 employees, joining a growing list of big tech companies that are cutting costs amid. Learn about Spotify Technology S. There are 15 or so executives at Spotify Technology S. Photo: Stefani Reynolds/Bloomberg NEWS Jan. The recruiter will inquire about your product management background as well as your motivation for working at Spotify. A. We provide them with customised features as well as trends and sales data. The. 16. to upload their music to streaming platforms like Spotify or iTunes. Each. Spotify's chief content officer Dawn Ostroff told advertisers at a conference on Wednesday that the backlash around popular U. Want to hear more about how Spotify was built, straight from the people who built it? Spotify’s Chief R&D Officer, Gustav Söderström, shares the stories behind the most important product strategy lessons we’ve learned at Spotify, all told in the words of the people who were actually there. On this week's episode of All For Business, Carroll Moon, Chief Technology Officer of CloudFit, speaks on his journey from Lynchburg native to 17 years at Microsoft, to helping found CloudFit, a rapidly growing IT and digital transformation company started right here at the Alliance. 4 million) in venture capital to expand outside. He is now speaking internationally and giving lectures. Spotify will lay off six percent of its staff as chief content and advertising officer Dawn Ostroff will depart the company. vs. 23, 2023. Spotify Technology SA. A. Examples include: coaching. Google. Connect Kim Branson SVP Global Head of Artificial Intelligence and. NEW YORK--(BUSINESS WIRE)--Spotify Technology S. Daniel Ek, our Founder and Chief Executive Officer, and Paul. Artificial intelligence and machine learning play a pivotal role in creating predictive models based on environmental and climate data, and Frank sat down with us to give us some insight on just how. Outsourced Chief Compliance Officer- Broker Dealer. Speed of iteration beats quality of iteration - optimizing for speed leads to faster learning, including from failures, and faster learning leads to higher quality; optimizing for quality is an obstacle to speed, which undermines learning and slows down improvements to quality. Welcome to Thoughts on the Market. . She was the passionate leader behind the technology strategy that plays a critical role in propelling the. (NYSE: SPOT) has released its financial results for the second quarter of 2023 today. 4 years respectively. Spotify’s chief financial officer, told attendees at the 19th annual MIT Sloan CFO Summit last. Our special guest for tonight is Kevin Goldsmith. Spotify Co-President and Chief Product & Technology Officer Gustav Söderström discusses our new user experience and other innovations ahead for the platform. Thank you. Founder and Chief Executive Officer Daniel Ek now sees. He breaks down everything from managing a new team in a new country, insider tips to attract the first engineering hires, and how company culture changes after an acquisition. to Report Q4, 2022 Results on Jan 31, 2023NEW YORK--(BUSINESS WIRE)--Spotify Technology S. (NYSE: SPOT) has released its financial results for the third quarter of 2023 today. Spotify Technology S. My name is Regina [Phonetic] and I will be. Ensuring the he or she is available for consultation and direct. Spotify Technology SA’s chief executive officer is engaged in a Washington charm offensive this week that he hopes will convince the US government to. 3 years respectively. Read full bio of Daniel Ek. Paul Vogel is new to the role of Spotify CFO, but not to Spotify—or to the relationship between finance and the tech/media industry. (NYSE: SPOT) Chief Financial Officer Paul Vogel will participate in the 2022 Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 9, 2022 at 7:10 p. First American at the company. Lori Goler, Head of People. For the past five years he’s led Spotify. Jun 1, 2021, 1:04 PM UTC |Along with Spotify's job cuts, Chief Content and Advertising Business Officer Dawn Ostroff will leave as part of a broader reorganization, the company announced. Select Year: Filter filing type:Gutierrez, and I am the Head of Global Aff airs and Chief Legal Officer of Spotify. As the tech industry is once again dominated by talk of monopolies, Gutierrez, now Spotify Technology SA ’s chief legal officer, has switched sides. Selecting the value will change the page content. (NYSE:SPOT) posted its earnings results on Tuesday, October, 24th. A. Spotify has put a robot DJ into its app — a computerized song-spinner with a “stunningly realistic” voice that queues up. Gustav Soderstrom, Spotify's chief R&D officer and chief product officer, leads a team of thousands building the future the company imagines. Spotify Technology S. April 4, 2022. Hanna Grahn Gss/k Instruktör på Artilleriregementet A8. Spotify Technology SA: Overview. Walmart recently lost its CTO Jeremy King to Pinterest. Securities and Exchange Commission (SEC) said on. Visit PayScale to research chief technology officer (cto) salaries by city, experience, skill, employer and more. Dawn Ostroff, Spotify’s chief content officer, says she plans on making hundreds of original podcast series next year as part of a strategy to expand the streaming platform’s podcast offerings. Hope you enjoy my. S. Daniel Ek — Founder, Chief Executive Officer & Chairman of our Board of Directors. More about Mike Lillis: With over 20 years of experience in. Mr. Richard Koh is the chief technology and customer success officer of Microsoft Singapore. He was Facebook’s chief technology officer in the company’s early years and went on to found Quora, the question-and-answer site. Spotify Technology SA. The company estimates that it will incur approximately 35-45 million. As the high-profile Epic Games v Apple trial entered its third week on Monday — with key Apple executives now. The new homepage — unveiled during the demonstration led by Spotify co-president/chief product officer/chief technology officer Gustav Soderstrom — will trade Spotify’s formerly static. In today's episode, Mihaela and Piotr discuss the various operational issues, budget issues. Spotify. We explore his career trajectory and how a Microsoft software engineer intern becomes the CTO of a more than $12-billion valuation financial. It can come from DOD. Paul Vogel — Chief Financial Officer. 29, 2020Corporate Participants: Paul Vogel — Chief Financial Officer. Next, Gustav Söderström, our Chief R&D Officer, will share more about our consumer experience and why we think we are uniquely positioned. Wednesday, April 28, 2021. In this episode of 'Building a Resilient Cyber Defense in the Federal Government,' we have the privilege of sitting down with Scott Heitmann, the current Chief Technology Officer of the United States Air Force. The company estimates that it will incur approximately 35-45 million. Previously, Warrior served as chief development officer of NIO Inc. Spotify Technology S. Rajeev Singh is the chief technology officer of AutoGrid, a company which is known as a pioneer in the energy management space—and the first company that was backed by Arpa-E to pursue research in smart grid applications. [Operator Instructions]. A. Spotify Technology SA’s chief executive officer is engaged in a Washington charm offensive this week that he hopes will convince the US government to curb the power of his company’s nemesis. “Yes Spotify is hiring,” Spotify chief marketing officer Jeff Levick said. 28, 2021. FuboTV Hires Mike Berkley, Formerly With Axios, Spotify and Comcast, as Chief Product Officer. has released its financial results for the first quarter of 2023 by posting an update on its Investor website. Prior to that, he was the chief product officer at Spotify. Gecht is currently the Co-Chief Executive Officer of E. We also look into the crystal ball and ponder what the role of HR will in 2025. Ladies and gentlemen, thank you for standing by and welcome to the Spotify Q2 2020 Earnings Call. Brex, the San Francisco startup that started back in 2017 by issuing corporate credit cards to other startups, has hired June Sauvaget to be its. Tim Armandpour, Chief Technology Officer at PagerDuty Tim is a rare CTO: Before leading engineering and tech teams, he was responsible for product development at YapStone and then PagerDuty. He explains. Gustav Söderström Co-President, Chief Product & Technology Officer Paul Vogel Chief Financial Officer Documents Audit Committee Charter People Experience &. and CEO of NIO USA Inc. Spotify Technology S. He is responsible for Spotify’s global product and technology strategy, overseeing the product, design, data, and engineering teams. NEW YORK--(BUSINESS WIRE)--Spotify Technology S. A. Diversity & Inclusion; International Students. For the last four years, he’s been at Spotify heading up Investor Relations and leading the FP&A (Financial Planning & Analysis) and Treasury teams. C. Marketing and Premium Marketing) and immerse themselves into Spotify’s culture and business. Don Schuerman, CTO of Pegasystems, agrees that a title change might be appropriate: “I often describe my role as 'Chief Translation Officer'". Gerri Martin-Flickinger, Starbucks. Evaluate and implement latest technology solutions for compliance related surveillance. Join us for another episode of AI Proficiency: Turning Tomorrow into Today, where we are joined by Frank Indiviglio, Chief Technology Officer at NOAA. Digital transformation is now one of the main drivers of business growth. Barry McCarthy was the architect of. Along with my colleagues, bringing you a variety of perspectives, I'll be talking about the latest trends in the financial marketplace. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks. m. Spotify Technology S. McCarthy first joined Spotify in 2014 as a member of its board and moved to the CFO role a year later. 2015 - 2017. (NYSE: SPOT) announced today that Paul Vogel, Chief Financial Officer, plans to present at the 2023 Goldman Sachs Communacopia & Technology. Spotify Chief Financial Officer to Present at the 2023 Goldman Sachs Communacopia & Technology Conference. Spotify Technology SA (Spotify) is a provider of audio streaming services. Spotify Technology SA’s Chief Executive Officer Daniel Ek said his music-streaming service has suffered “a big business impact” from alleged restrictions by Apple Inc. Spotify’s Head of Global Affairs and Chief Legal Officer. Alex Norström, currently chief freemium business officer, and Gustav Söderström, currently chief research & development officer, will each take on additional responsibilities as co-presidents of the company. Ep. Founder and Chief Executive Officer Daniel Ek now sees. According to Gustav Söderström, Spotify’s Co-President and Chief Product & Technology Officer (in a release shared by the company), “Spotify recommendations drive close to half of all users. Mr. Mr. The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play. Select Year: Filter filing type:Management criteria checks 3/4. Daniel Ek — Founder, Chairman and Chief Executive Officer. The estimated base pay is $251,350 per year. (NYSE: SPOT) announced today that Paul Vogel, Chief Financial Officer, will present at the Bank of America Securities 2020 Media, Communications. Josh Owen, Chief Technology Officer at Flourish Before he became a two-time CTO in the tech industry, Josh worked at some of the largest banks. In his role as Chief Content Officer he has responsibility for the company’s content and distribution operations, including all. The service also laid off 6 percent of its total staff in January, with chief. Prior to that, he spent 20 years in. SAN FRANCISCO, CA - Brex announced it has hired June Sauvaget as Chief Marketing Officer as it prepares to expand to a broader customer base beyond startups. A. He is an. Listen to this episode from ATARC Federal IT Newscast on Spotify. The BBC has appointed new leadership for its digital and technology functions, succeeding Matthew Postgate who left the corporation. At Spotify, we work to bring together technology and art to solve the challenges confronting our workforce, society and planet. Spotify Chief Financial Officer (CFO) Paul Vogel recently stated that his company could achieve profitability “if we wanted to. Before that he worked at Chase Manhattan Bank, supporting Equities, FX and Fixed. Vogel made the noteworthy remark – and other interesting. . The executive now serves as Spotify’s co-president and chief product and technology officer. CTO at CTERA "My role has become a triad of product. The duo-role experience informed his leadership today, helping him understand how a tech company operates from soup to nuts. This past week we had the chance to ask any question imaginable about product management to one of the most influential PMs in the industry, Shiva Rajaraman, a product guru who has worked as: – Chief Technology Officer at WeWork. Spotify Technology SA a Luxembourg-based company, which offers digital music-streaming services. Overseeing the information sent to the board by management. Ek is Founder, Chief Executive Officer and Chairman of Spotify Technology. Spotify Co-President and Chief Product & Technology Officer Gustav Söderström discusses our new user experience and other innovations ahead for the platform with Head of. Kevin has been a developer, software architect, technology manager, and senior technology executive for over 28 years. Spotify Technology SA built the world’s largest audio-streaming service by convincing millions of people around the world to pay for music. As the company started edging toward a long-awaited IPO, he started selling Ek on the direct. 45% of the company’s shares, worth €2. (RTTNews) - Audio streaming company Spotify Technology S. NEW YORK--(BUSINESS WIRE)--Spotify Technology S. Before I begin, I want to extend my condolences to the Capitol Hill community and the families of Officer Evans, Officer Sicknick, and Officer Liebengood following the tragediesSep. Spotify's chief content officer Dawn Ostroff told advertisers at a conference on Wednesday that the backlash around popular U. Chris Cox, Chief Product Officer. Spotify Chief Executive Officer Daniel Ek informed the staff via email Wednesday that the world's largest on-demand audio service would continue hiring, though it would slow the pace "and be a bit. Jennifer Newstead, Chief Legal Officer. Equity Strategist for Morgan Stanley. The company also said its chief content and advertising business officer, Dawn. Bunning As the primary science and technology advisor to the AFRL Commander, he is responsible for assisting with the planning and execution of an annual $2. But speed alone is not enough. While there’s much that goes on behind the scenes of the Spotify app, the end result is a single intuitive experience for listeners that brings the world’s audio content together in a. Eastern Time. Pan-Asian life insurance group AIA Singapore has named Irma Hadikusuma as its new chief marketing and proposition officer, effective 1 December. Prior to Netflix, McCarthy held various leadership positions in management consulting, investment banking, and media and. Daniel Ek, our Founder and Chief Executive Officer, and Paul Vogel, our Chief. Our Technology team's mission is to keep UBS competitive in a digitized world. The company has recently. A. How Much Does Spotify Pay Per Stream? Here’s the Latest Data (Updated for 2023). The Company enables users to discover new releases, which includes the latest singles and albums; playlists, which includes ready-made playlists put together by music fans and experts, and over millions of songs so that users can play. Chief Executive Officer Daniel Ek. Paul Sawyer will replace. “The world today pulls us in a million different directions,” said Co-President and Chief Product & Technology Officer Gustav Söderström. chief legal officer Horacio Gutierrez issued an internal memo advising team managers on how to handle concerns about content on the streaming platform after. Spotify Technology SA is planning to cut about 6% of its employees,. In 2019, she founded Fable Group, where she serves as President and Chief Executive Officer. Today's episode features Mihaela Mazzenga, Chief Technology Officer at Sharper Image, MACH alliance ambassador, a solutions architect, and a product strategist. (NYSE: SPOT) Chief Financial Officer Paul Vogel will participate in the 2022 Morgan Stanley Technology, Media and. Dawn Ostroff is an American businesswoman. A highly regarded technology executive with over 30 years of experience, he has a proven track record of successfully scaling SaaS operations and growing multi-billion dollar global enterprises. Spotify announced Monday that it is planning to cut 6% of its global.