Spotify latest tech name to cut jobs, axes 6% of workforce

Companies such as Microsoft, Google and Amazon have all cut thousands of employees as they look at an economic downturn in the future.

LONDON, UK — Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, becoming yet another tech company resorting to layoffs as the post-pandemic economic outlook weakens.

CEO Daniel Ek announced the restructuring in a message to employees that was also posted online.

As part of the revamp involving a management reshuffle, “and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees,” Ek wrote.


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