Spotify Seen Cutting Staff as Soon as This Week as Tech Layoffs Mount

Spotify Seen Cutting Staff as Soon as This Week as Tech Layoffs Mount

Spotify Technology SA is planning layoffs as quickly as this week, in line with individuals acquainted with the plans, becoming a member of a slew of expertise firms from Amazon.com Inc. to Meta Platforms Inc. in asserting job cuts to decrease prices. 

The variety of positions to be eradicated wasn’t specified by the individuals. Spotify laid off 38 workers from its Gimlet Media and Parcast podcast studios in October. The music streaming large has about 9,800 workers, in line with its third-quarter earnings report.