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Spotify to cut 6% of its staff in latest tech layoffs

wsj

1 min read . Updated: 23 Jan 2023, 06:38 PM IST Alyssa Lukpat, The Wall Street Journal

The announcement is the latest in a wave of tech layoffs, as the industry recalibrates after growing rapidly at the start of the pandemic (AFP) — The announcement is the latest in a wave of tech layoffs, as the industry recalibrates after growing rapidly at the start of the pandemic (AFP)

Streaming company says move is part of broader cost-cutting measures

Spotify Technology S.A. will cut its workforce by about 6% as part of broader cost-cutting measures, Chief Executive Daniel Eksaid in a note to staff on Monday.