Spotify Will Cut About 6% of Jobs in Latest Tech Layoffs



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Spotify Technology SA is planning to reduce approximately 6% of its employees, turning into a member of a slew of generation corporations from Amazon.Com Inc. To Meta Platforms Inc. In saying challenge cuts to decrease expenses.

The flow become added in a filing Monday morning, confirming critiques from over the weekend that there may be undertaking cuts. The track streaming large has about 9,800 employees, in step with its zero.33-location income record. Spotify laid off 38 body of employees from its Gimlet Media and Parcast podcast studios in October.