February 7, 2023

Final replace: January 23, 2023 3:40 PM IST

In October, Spotify laid off 38 workers from its podcast studios Gimlet Media and Parcast.

Spotify Know-how is planning layoffs as early as this week to chop prices, Bloomberg Information reported Sunday, becoming a member of the likes of Alphabet Inc, Amazon.com Inc, Microsoft Corp, which have lately lower hundreds of jobs.

(Reuters) – Spotify Know-how is planning layoffs as early as this week to chop prices, Bloomberg Information reported Sunday, becoming a member of the likes of Alphabet Inc, Amazon.com Inc, Microsoft Corp, which have lately lower hundreds of jobs.

The report, citing 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 lower jobs final yr because the growth in demand throughout the pandemic rapidly pale, and layoffs continued this yr as firms sought to rein in spending to climate the financial downturn.

Over the previous few weeks, Google’s dad or mum firm Alphabet has mentioned it is going to lower 12,000 jobs, whereas Microsoft mentioned it is going to lower 10,000. Amazon’s spherical of layoffs will have an effect on greater than 18,000 jobs.

Different tech firms, corresponding to Fb-owned Meta and Elon Musk’s Twitter, laid off hundreds of workers late final yr.

Learn all the most recent tech information right here

(This story was not edited by the News18 employees and is printed from a information company syndicated channel)

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