Spotify is laying off 1,500 employees

Spotify is laying off 1,500 employees

Spotify is the latest tech company that will lay off employees as a cost-cutting measure. According to a public memo from Daniel Ek, co-founder and CEO of the Swedish audio streaming platform, approximately 17% of the workforce will be reduced.

A quick calculation based on the latest quarterly report reveals this is about 1,500 of the total 9,241 employees worldwide.

This is the third time Spotify is laying off employees, on top of increasing prices of its Premium subscription service. January saw 600 people get released, with 200 more from the Podcasts division being shown the door…

​ Spotify is the latest tech company that will lay off employees as a cost-cutting measure. According to a public memo from Daniel Ek, co-founder and CEO of the Swedish audio streaming platform, approximately 17% of the workforce will be reduced.

A quick calculation based on the latest quarterly report reveals this is about 1,500 of the total 9,241 employees worldwide.

This is the third time Spotify is laying off employees, on top of increasing prices of its Premium subscription service. January saw 600 people get released, with 200 more from the Podcasts division being shown the door…   Read More GSMArena.com – Latest articles 

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