Last Updated: January 23, 2023, 15:40 IST
Spotify in October laid off 38 employees from its Gimlet Media and Parcast podcast studios.
Spotify Technology is planning layoffs as quickly as this week to chop prices, Bloomberg News reported on Sunday, becoming a member of the likes of Alphabet Inc, Amazon.com Inc, Microsoft Corp who’ve lower hundreds of jobs just lately.
(Reuters) – Spotify Technology is planning layoffs as quickly as this week to chop prices, Bloomberg News reported on Sunday, becoming a member of the likes of Alphabet Inc, Amazon.com Inc, Microsoft Corp who’ve lower hundreds of jobs just lately.
The report, which cited sources, mentioned that the variety of jobs being eradicated was not specified.
Spotify didn’t instantly reply to a Reuters’ request for remark.
Tech corporations shed jobs final 12 months as a requirement growth throughout the pandemic quickly fizzled, and layoffs have continued this 12 months with firms trying to rein in prices to journey out the financial downturn.
In the previous few weeks, Google guardian Alphabet mentioned it will remove 12,000 jobs, whereas Microsoft mentioned it will remove 10,000. Amazon’s layoff spherical will influence greater than 18,000 roles.
Other tech firms like Facebook-parent Meta and Elon Musk’s Twitter laid off hundreds late final 12 months.
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(This story has been edited by News18 employees and is printed from a syndicated news company feed)
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