Spotify stated Monday it would lay off 6% of the music streaming firm’s workforce, making it the most recent large know-how firm to announce a large discount in payrolls because the U.S. financial system slows.
Tech giants together with Google-parent Alphabet, Amazon, Meta and Microsoft have moved to slash jobs in current months forward of a attainable recession. In January alone, business gamers have minimize roughly 50,000 jobs, reversing a hiring spree that surged through the pandemic as tens of millions of Americans moved their lives on-line.
Spotify has roughly 9,800 staff, so the layoff will remove almost 600 jobs.
“We still spend far too much time syncing on slightly different strategies, which slows us down,” CEO Daniel Elk stated in a notice to staff posted on Spotify’s web site. “And in a challenging economic environment, efficiency takes on greater importance. So, in an effort to drive more efficiency, control costs and speed up decision-making, I have decided to restructure our organization.”
Dawn Ostroff, Spotify’s chief content material workplace, can be leaving the corporate as a part of the shakeup, Elk stated.
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