Music streaming service, Spotify is the latest tech firm to announce 600 job cuts after pandemic over expansion.
Spotify chief executive, Daniel Ek, told staff in a blogpost that the platform was reducing its workforce by 6% after he had been “too ambitious”. Spotify has 456 million monthly users.
Almost 200,000 tech employees have been laid off since the start of 2022, according to Layoffs.fyi, a site that tracks job cuts in the sector. Four of the largest tech companies – Alphabet, Amazon, Meta, and Microsoft, have announced a total of more than 50,000 job cuts in recent months.
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