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Spotify to sack 6% of employees in latest tech layoffs
Financial Express Mumbai
|January 24, 2023
SPOTIFY TECHNOLOGY SA is planning to cut about 6% of its employees, joining a slew of technology companies from Amazon to Meta in announcing job cuts to lower costs.
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The move was announced in a filing Monday morning, confirming reports from over the weekend that there would be job cuts. The music streaming giant has about 9,800 employees, according to its third-quarter earnings report. Spotify laid off 38 staff from its Gimlet Media and Parcast podcast studios in October.
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