Spotify Layoffs Expected as Soon as This Week

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The audio company employs around 9,800 people.

is set to have layoffs as soon as this week as the company moves forward with plans to reduce operational expenses, according to a person familiar with the matter.

The layoffs are expected to be more broad than a previous round of cuts in October, which impacted staff members working onSpotify executives have previously signaled plans to reduce headcount-related expenses, with CEO Daniel Ek telling staff last June that the company wouldand “be a bit more prudent with the absolute level of new hires over the next few quarters.

Source: News Formal (newsformal.com)

 

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Sad! It’s a way of life it looks like!

Cc EliotReyna AlbertCGA Mendinso

They can knock off Spotify en masse and they haven't done anything like the GOP folks who have hung on for 2 years without penalties for misbehavior.

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