Spotify to announce layoffs as quickly as this week: Bloomberg | Labour Rights
Swedish audio streaming big reportedly planning job cuts after current layoffs at Apple, Google, Microsoft and Amazon.
Spotify Expertise, the Swedish audio streaming big, is making ready to announce layoffs as quickly as this week, Bloomberg Information has reported, including to an industry-wide massacre that has value 1000’s of jobs at Apple, Google, Microsoft and Amazon.
The variety of job cuts into account on the common streaming service just isn’t clear, Bloomberg reported on Monday, citing unnamed people who find themselves aware of the matter.
In October, Spotify, which has about 9,800 workers, let go of 38 workers from its podcast studios Gimlet Media and Parcast.
Spotify, which noticed its share value plunge 66 per cent final yr, didn’t instantly reply to a request for remark.
Tech companies have lower 1000’s of jobs within the final yr as slowing promoting revenues and recession fears immediate reassessments of headcounts that ballooned in the course of the COVID-19 pandemic.
In current weeks, Google dad or mum Alphabet, Microsoft and Amazon have let go of a mixed 40,000 workers, after Meta and Twitter lower greater than 18,000 workers mixed late final yr.
Greater than 55,000 tech workers worldwide have been laid off throughout 2023 up to now, in keeping with knowledge collected by the Layoffs.fyi web site.