Spotify To Cut 6% Of Staff THIS WEEK As Tech Bloodbath Continues

The layoffs are just not stopping in the tech sector!
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At a glance

  • Music streaming service Spotify is set to cut 6% of its staff this week, laying off approximately 588 employees out of 9,800 full-time workers.
  • The cuts will cost Spotify an estimated $38 million dollars in severance payouts.
  • “Tech companies are facing a demand downturn after two years of pandemic-driven growth during which they had hired aggressively, and Amazon, Meta, Google, and Microsoft are among the big-name firms announcing mass layoffs,” reports The Daily Mail.

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