Spotify to let go over 500 people

Spotify has announced today (January 23) that it is in the process of reducing its employee base by “about 6% across the company”. At the end of Q3 2022, Spotify employed 9,808 full-time employees globally - six percent of 9,808 is 588, the MBW reports. In the last six months, music and tech companies have been hit with a series of layoffs. SoundCloud started reducing its global workforce by approximately 20%. BMI will lay off 10% of its workforce. Alphabet is letting 12.000 workers go, Microsoft 10,000, Amazon is cutting its workforce by 18,000...