Spotify is slashing 17% of it is workforce affecting 1,500 employees
- This follows the corporate axing six % of its workforce earlier this yr
Spotify has turn out to be the most recent tech big to announce main layoffs with the streaming big’s CEO Daniel Elk saying that round 1,500 workers are being reduce because of its progress slowing ‘dramatically.’
The Swedish firm presently has a workers of round 9,000 with Elk saying that cuts will ‘rightsize our prices’ whereas conceding that it might be ‘extremely painful for our workforce.’
‘I acknowledge it will influence quite a few people who’ve made useful contributions. To be blunt, many good, proficient and hard-working individuals can be departing us,’ Elk stated.
Last January, Spotify reduce round six % of its workforce, Monday’s announcement dwarfs that.
In October, Microsoft laid off almost 700 individuals from its social media website LinkedIn, bringing the full layoffs this yr to almost 11,000 for the corporate.
Since August 2022, there have been mass layoffs at Twitter, the place 7,500 jobs have been shed as a part of Elon Musk‘s takeover, one other 11,000 individuals have been axed at Facebook whereas Google let go 12,000 individuals and Amazon in the meantime served discover to round 18,000 employees.
Spotify CEO Daniel Elk, proven right here, stated that he understood that the cuts can be ‘extremely painful’ for the corporate
This follows the corporate axing six % of its workforce earlier this yr
